Orion Energy Systems, Inc. (NASDAQ:OESX) Holdings Boosted by Grace & White Inc. NY

Grace & White Inc. NY raised its stake in Orion Energy Systems, Inc. (NASDAQ:OESX) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,745,544 shares of the electronics maker’s stock after acquiring an additional 50,138 shares during the period. Grace & White Inc. NY owned 8.34% of Orion Energy Systems worth $2,197,000 as of its most recent SEC filing.

Separately, Geode Capital Management LLC lifted its holdings in shares of Orion Energy Systems by 9.0% in the 3rd quarter. Geode Capital Management LLC now owns 312,127 shares of the electronics maker’s stock worth $268,000 after purchasing an additional 25,816 shares during the last quarter. Institutional investors and hedge funds own 52.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. StockNews.com began coverage on Orion Energy Systems in a research report on Friday, February 7th. They issued a “hold” rating on the stock. HC Wainwright reaffirmed a “buy” rating and issued a $3.00 price objective on shares of Orion Energy Systems in a report on Wednesday.

Orion Energy Systems Stock Performance

OESX opened at $0.80 on Thursday. The company has a quick ratio of 0.93, a current ratio of 1.49 and a debt-to-equity ratio of 0.77. The business’s 50 day moving average is $0.82 and its 200-day moving average is $0.87. Orion Energy Systems, Inc. has a twelve month low of $0.68 and a twelve month high of $1.53.

Orion Energy Systems (NASDAQ:OESX) last announced its earnings results on Tuesday, February 11th. The electronics maker reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.01. Orion Energy Systems had a negative return on equity of 48.81% and a negative net margin of 8.76%. Equities research analysts expect that Orion Energy Systems, Inc. will post -0.3 earnings per share for the current year.

Orion Energy Systems Profile

Orion Energy Systems, Inc, together with its subsidiaries, researches, designs, develops, manufactures, markets, sells, installs, and implements energy management systems for commercial office and retail, area lighting, industrial applications, and government in North America and Germany. It operates in three segments: Lighting, Maintenance, and Electric Vehicle (EV).