Orion Energy Systems (NASDAQ:OESX) Given New $1.50 Price Target at Craig Hallum

Orion Energy Systems (NASDAQ:OESXFree Report) had its price target cut by Craig Hallum from $2.00 to $1.50 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a buy rating on the electronics maker’s stock.

A number of other equities research analysts also recently weighed in on the stock. Wall Street Zen began coverage on shares of Orion Energy Systems in a research note on Thursday, May 22nd. They set a “hold” rating for the company. HC Wainwright dropped their price target on shares of Orion Energy Systems from $3.00 to $2.00 and set a “buy” rating for the company in a research note on Friday.

Check Out Our Latest Report on Orion Energy Systems

Orion Energy Systems Trading Down 8.1%

Shares of NASDAQ OESX opened at $0.63 on Friday. Orion Energy Systems has a 1-year low of $0.56 and a 1-year high of $1.24. The company has a market cap of $20.59 million, a PE ratio of -1.69 and a beta of 1.22. The company has a current ratio of 1.40, a quick ratio of 0.89 and a debt-to-equity ratio of 0.73. The company has a 50-day moving average of $0.67 and a two-hundred day moving average of $0.75.

Orion Energy Systems (NASDAQ:OESXGet Free Report) last posted its quarterly earnings results on Thursday, June 26th. The electronics maker reported ($0.06) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.06). The business had revenue of $20.87 million during the quarter, compared to the consensus estimate of $21.08 million. Orion Energy Systems had a negative net margin of 14.81% and a negative return on equity of 64.09%. During the same period in the previous year, the firm posted ($0.02) earnings per share. As a group, equities analysts expect that Orion Energy Systems will post -0.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in OESX. Thompson Davis & CO. Inc. bought a new position in Orion Energy Systems in the first quarter valued at $66,000. US Bancorp DE lifted its position in Orion Energy Systems by 5.1% during the 1st quarter. US Bancorp DE now owns 799,508 shares of the electronics maker’s stock worth $577,000 after buying an additional 39,042 shares in the last quarter. Grace & White Inc. NY lifted its position in Orion Energy Systems by 1.4% during the 1st quarter. Grace & White Inc. NY now owns 2,784,586 shares of the electronics maker’s stock worth $2,008,000 after buying an additional 39,042 shares in the last quarter. Mariner LLC bought a new stake in Orion Energy Systems during the 4th quarter worth about $35,000. Finally, Tieton Capital Management LLC lifted its position in Orion Energy Systems by 25.6% during the 4th quarter. Tieton Capital Management LLC now owns 2,661,853 shares of the electronics maker’s stock worth $2,130,000 after buying an additional 541,773 shares in the last quarter. Institutional investors and hedge funds own 52.59% of the company’s stock.

Orion Energy Systems Company Profile

(Get Free Report)

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).

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