Grace & White Inc. NY Raises Holdings in Orion Energy Systems, Inc. $OESX

Grace & White Inc. NY lifted its holdings in shares of Orion Energy Systems, Inc. (NASDAQ:OESX) by 3.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,884,085 shares of the electronics maker’s stock after purchasing an additional 99,499 shares during the period. Grace & White Inc. NY owned about 0.09% of Orion Energy Systems worth $1,731,000 as of its most recent SEC filing.

Separately, Thompson Davis & CO. Inc. purchased a new position in shares of Orion Energy Systems during the 1st quarter worth approximately $66,000. 52.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on OESX shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Orion Energy Systems in a research note on Saturday, September 27th. Craig Hallum dropped their price objective on shares of Orion Energy Systems from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, June 27th. Finally, HC Wainwright raised their price objective on shares of Orion Energy Systems to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $17.50.

Orion Energy Systems Stock Down 0.4%

Shares of NASDAQ OESX opened at $7.96 on Friday. Orion Energy Systems, Inc. has a 1 year low of $5.50 and a 1 year high of $10.35. The firm’s 50 day moving average price is $7.61 and its 200 day moving average price is $6.95. The firm has a market cap of $26.51 million, a P/E ratio of -2.74 and a beta of 1.06. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.84 and a current ratio of 1.23.

Orion Energy Systems (NASDAQ:OESX) last announced its earnings results on Wednesday, August 6th. The electronics maker reported ($0.40) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.50) by $0.10. Orion Energy Systems had a negative net margin of 11.70% and a negative return on equity of 62.99%. The firm had revenue of $19.58 million for the quarter, compared to analyst estimates of $20.00 million. As a group, sell-side analysts anticipate that Orion Energy Systems, Inc. will post -0.32 earnings per share for the current year.

Orion Energy Systems Company 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).