Orion Energy Systems, Inc. $OESX Shares Newly Purchased by AIGH Capital Management LLC

AIGH Capital Management LLC purchased a new position in Orion Energy Systems, Inc. (NASDAQ:OESX - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 407,000 shares of the electronics maker's stock, valued at approximately $12,414,000. Orion Energy Systems makes up about 1.3% of AIGH Capital Management LLC's portfolio, making the stock its 22nd biggest holding. AIGH Capital Management LLC owned approximately 9.95% of Orion Energy Systems as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OESX. NewEdge Advisors LLC boosted its stake in Orion Energy Systems by 60.1% during the 1st quarter. NewEdge Advisors LLC now owns 24,140 shares of the electronics maker's stock valued at $211,000 after acquiring an additional 9,058 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Orion Energy Systems by 32.4% during the 1st quarter. Renaissance Technologies LLC now owns 178,469 shares of the electronics maker's stock valued at $1,560,000 after acquiring an additional 43,693 shares in the last quarter. Sei Investments Co. raised its position in shares of Orion Energy Systems by 114.3% during the 1st quarter. Sei Investments Co. now owns 130,101 shares of the electronics maker's stock valued at $1,137,000 after acquiring an additional 69,387 shares in the last quarter. Finally, Tieton Capital Management LLC bought a new position in Orion Energy Systems during the second quarter worth $3,326,000. Hedge funds and other institutional investors own 52.59% of the company's stock.

Wall Street Analyst Weigh In

OESX has been the topic of a number of research reports. HC Wainwright reissued a "buy" rating and set a $30.00 target price on shares of Orion Energy Systems in a report on Thursday, August 6th. Craig Hallum reaffirmed a "buy" rating and issued a $43.00 price target on shares of Orion Energy Systems in a report on Tuesday, September 15th. Wall Street Zen upgraded shares of Orion Energy Systems from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 8th. Zacks Research cut shares of Orion Energy Systems from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 8th. Finally, Weiss Ratings raised shares of Orion Energy Systems from a "sell (d+)" rating to a "hold (c-)" rating in a report on Thursday, October 8th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $36.50.

Orion Energy Systems Trading Down 28.7%

NASDAQ:OESX opened at $13.55 on Friday. Orion Energy Systems, Inc. has a 1 year low of $8.36 and a 1 year high of $31.65. The business has a fifty day moving average of $25.04 and a 200-day moving average of $15.08. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.13 and a current ratio of 1.54. The stock has a market cap of $55.42 million, a price-to-earnings ratio of 50.00 and a beta of 0.93.

Orion Energy Systems (NASDAQ:OESX - Get Free Report) last announced its earnings results on Wednesday, August 5th. The electronics maker reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.40. The firm had revenue of $25.74 million during the quarter, compared to analyst estimates of $23.56 million. Orion Energy Systems had a net margin of 0.04% and a return on equity of 11.66%. Equities analysts predict that Orion Energy Systems, Inc. will post 0.23 earnings per share for the current year.

Orion Energy Systems Profile

Orion Energy Systems, Inc NASDAQ: OESX is an energy-efficiency technology company that designs, manufactures and delivers lighting and energy-management solutions for commercial and industrial facilities. Its offerings are intended to help organizations improve illumination, reduce energy consumption and modernize building operations.

The company's products and services include LED lighting fixtures and retrofit systems, intelligent lighting controls, and related energy-management technologies.

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