Zacks Investment Research lowered shares of Orion Energy Systems (NASDAQ:OESX) from a hold rating to a sell rating in a research note published on Wednesday morning.

According to Zacks, “ORION ENERGY SYSTEMS, INC. is a leading power technology enterprise that designs, manufactures and implements energy management systems, consisting primarily of high-performance, energy efficient lighting systems, controls and related services, for commercial and industrial customers without compromising their quantity or quality of light. “

Several other equities research analysts also recently issued reports on OESX. Roth Capital set a $1.00 price objective on shares of Orion Energy Systems and gave the stock a hold rating in a research report on Tuesday, August 7th. HC Wainwright set a $2.00 price objective on shares of Orion Energy Systems and gave the stock a buy rating in a research report on Wednesday, November 14th.

OESX stock traded down $0.05 during mid-day trading on Wednesday, hitting $0.68. 1,950 shares of the company were exchanged, compared to its average volume of 54,957. The company has a quick ratio of 0.91, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $21.59 million, a PE ratio of -1.79 and a beta of 0.54. Orion Energy Systems has a 1-year low of $0.68 and a 1-year high of $1.25.

Orion Energy Systems (NASDAQ:OESX) last issued its quarterly earnings data on Tuesday, November 13th. The electronics maker reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.01). The company had revenue of $13.20 million for the quarter, compared to analyst estimates of $15.44 million. Orion Energy Systems had a negative return on equity of 36.26% and a negative net margin of 13.52%. As a group, research analysts expect that Orion Energy Systems will post -0.29 EPS for the current year.

An institutional investor recently raised its position in Orion Energy Systems stock. Renaissance Technologies LLC increased its holdings in Orion Energy Systems, Inc. (NASDAQ:OESX) by 6.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,071,400 shares of the electronics maker’s stock after buying an additional 67,200 shares during the period. Renaissance Technologies LLC owned 3.64% of Orion Energy Systems worth $1,179,000 as of its most recent filing with the Securities and Exchange Commission. 40.85% of the stock is currently owned by institutional investors and hedge funds.

Orion Energy Systems Company Profile

Orion Energy Systems, Inc researches, designs, develops, manufactures, implements, markets, and sells energy management systems for the commercial office and retail, area lighting, and industrial markets in North America. The company operates in three segments: Orion U.S. Markets Division, Orion Engineered Systems Division, and Orion Distribution Services Division.

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