Orion Energy Systems (NASDAQ:OESX) Upgraded to Strong-Buy at Zacks Research

Orion Energy Systems (NASDAQ:OESX) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Other research analysts have also recently issued reports about the company. Weiss Ratings restated a “sell (d-)” rating on shares of Orion Energy Systems in a research note on Tuesday, October 14th. Wall Street Zen upgraded Orion Energy Systems to a “strong-buy” rating in a research report on Saturday, December 6th. Finally, HC Wainwright raised their price target on shares of Orion Energy Systems to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.50.

Orion Energy Systems Trading Up 4.7%

NASDAQ:OESX opened at $17.00 on Thursday. The company has a market capitalization of $60.01 million, a P/E ratio of -8.63 and a beta of 0.53. The company has a current ratio of 1.34, a quick ratio of 0.90 and a debt-to-equity ratio of 0.81. Orion Energy Systems has a 12 month low of $5.50 and a 12 month high of $18.63. The firm has a fifty day simple moving average of $15.12 and a 200-day simple moving average of $10.10.

Orion Energy Systems (NASDAQ:OESX) last released its earnings results on Wednesday, November 5th. The electronics maker reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.72) by $0.55. The firm had revenue of $19.92 million for the quarter, compared to the consensus estimate of $20.30 million. Orion Energy Systems had a negative return on equity of 43.64% and a negative net margin of 7.81%. On average, equities research analysts anticipate that Orion Energy Systems will post -0.32 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Orion Energy Systems stock. Grace & White Inc. NY raised its stake in Orion Energy Systems, Inc. (NASDAQ:OESX) by 3.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,884,085 shares of the electronics maker’s stock after acquiring an additional 99,499 shares during the quarter. Grace & White Inc. NY owned approximately 8.66% of Orion Energy Systems worth $1,731,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 52.59% of the company’s stock.

Orion Energy Systems Company Profile

Orion Energy Systems, Inc is a U.S.-based provider of energy-efficient lighting and building controls solutions. Founded in 1996 and headquartered in Manitowoc, Wisconsin, the company specializes in designing, manufacturing and deploying LED lighting fixtures and integrated energy management systems for commercial and industrial customers.

The company’s product portfolio includes a range of LED light fixtures, smart sensors, networked controls and cloud-based energy management software.