Orion Energy Systems (NASDAQ:OESX) Shares Cross Above Two Hundred Day Moving Average - What's Next?

Key Points

• Orion Energy Systems shares crossed above their 200-day moving average of $13.04, trading as high as $29.49 and last changing hands at $27.75.
• Analyst sentiment is mixed: the stock has a consensus rating of Hold and an average price target of $36.50, with recent ratings ranging from Sell to Strong Buy.
• Orion reported quarterly earnings of $0.47 per share, beating estimates of $0.07, while revenue of $25.74 million also exceeded expectations. Institutional investors own 52.59% of the company.

Shares of Orion Energy Systems, Inc. (NASDAQ:OESX - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $13.04 and traded as high as $29.49. Orion Energy Systems shares last traded at $27.75, with a volume of 87,790 shares trading hands.

Analyst Ratings Changes

A number of research analysts have recently issued reports on OESX shares. Weiss Ratings upgraded shares of Orion Energy Systems from a "sell (d-)" rating to a "sell (d+)" rating in a research report on Wednesday, August 19th. Zacks Research lowered shares of Orion Energy Systems from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 8th. Wall Street Zen upgraded Orion Energy Systems from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 8th. Craig Hallum reaffirmed a "buy" rating and set a $43.00 price objective on shares of Orion Energy Systems in a report on Tuesday, September 15th. Finally, HC Wainwright reiterated a "buy" rating and issued a $30.00 target price on shares of Orion Energy Systems in a report on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Orion Energy Systems has a consensus rating of "Hold" and an average target price of $36.50.

Orion Energy Systems Stock Up 0.9%

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 firm has a market capitalization of $113.47 million, a P/E ratio of -555.00 and a beta of 0.96. The stock has a 50 day moving average of $19.05 and a 200-day moving average of $13.04.

Orion Energy Systems (NASDAQ:OESX - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The electronics maker reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.40. The business 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%. Research analysts predict that Orion Energy Systems, Inc. will post 0.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Tieton Capital Management LLC purchased a new position in shares of Orion Energy Systems in the second quarter worth $3,326,000. NewEdge Advisors LLC raised its position in Orion Energy Systems by 60.1% in the 1st quarter. NewEdge Advisors LLC now owns 24,140 shares of the electronics maker's stock worth $211,000 after buying an additional 9,058 shares during the last quarter. Renaissance Technologies LLC lifted its stake in 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 during the period. Sei Investments Co. boosted its holdings 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 during the last quarter. Finally, North Star Investment Management Corp. grew its stake in shares of Orion Energy Systems by 29.0% in the first quarter. North Star Investment Management Corp. now owns 525,552 shares of the electronics maker's stock worth $4,593,000 after acquiring an additional 118,100 shares during the period. 52.59% of the stock is owned by hedge funds and other institutional investors.

Orion Energy Systems Company Profile

Orion Energy Systems, Inc NASDAQ: OESX provides energy-efficiency solutions for commercial and industrial facilities. The company focuses on helping organizations reduce energy consumption, improve lighting quality and manage building operations through modern lighting and control technologies.

Its offerings include LED lighting fixtures and retrofit systems, connected lighting controls, and related energy-management solutions. Orion also provides design, engineering, installation and project-management services intended to support customers through the transition from traditional lighting systems to more efficient, digitally enabled infrastructure.

Founded in 1996 and headquartered in Manitowoc, Wisconsin, Orion serves customers primarily in the United States across sectors such as manufacturing, warehousing, distribution, retail and other large commercial facilities.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.