Orion Energy Systems, Inc. (NASDAQ:OESX) Short Interest Update
by Mitch Edgeman · The Markets DailyOrion Energy Systems, Inc. (NASDAQ:OESX – Get Free Report) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 19,584 shares, a drop of 57.0% from the May 14th total of 45,587 shares. Based on an average trading volume of 59,921 shares, the short-interest ratio is currently 0.3 days. Currently, 0.5% of the shares of the company are short sold.
Orion Energy Systems Trading Down 1.1%
OESX traded down $0.10 during trading on Friday, reaching $9.35. 33,820 shares of the company’s stock were exchanged, compared to its average volume of 62,707. Orion Energy Systems has a one year low of $5.50 and a one year high of $18.64. The company has a current ratio of 1.41, a quick ratio of 1.03 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $37.96 million, a PE ratio of -10.16 and a beta of 0.79. The firm has a fifty day moving average price of $9.46 and a two-hundred day moving average price of $12.44.
Orion Energy Systems (NASDAQ:OESX – Get Free Report) last posted its earnings results on Thursday, June 4th. The electronics maker reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.53). Orion Energy Systems had a negative return on equity of 11.81% and a negative net margin of 3.66%.The business had revenue of $25.72 million for the quarter, compared to the consensus estimate of $24.08 million. As a group, equities research analysts forecast that Orion Energy Systems will post 0.25 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several brokerages have weighed in on OESX. Weiss Ratings cut shares of Orion Energy Systems from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, May 14th. Wall Street Zen cut shares of Orion Energy Systems from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 6th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $17.50.
View Our Latest Stock Report on Orion Energy Systems
Institutional Investors Weigh In On Orion Energy Systems
Institutional investors have recently added to or reduced their stakes in the business. Tieton Capital Management LLC boosted its stake in shares of Orion Energy Systems by 0.6% in the 4th quarter. Tieton Capital Management LLC now owns 256,194 shares of the electronics maker’s stock valued at $3,940,000 after purchasing an additional 1,580 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Orion Energy Systems by 60.1% in the 1st quarter. NewEdge Advisors LLC now owns 24,140 shares of the electronics maker’s stock valued at $211,000 after purchasing an additional 9,058 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Orion Energy Systems in the 4th quarter valued at $202,000. Grace & White Inc. NY boosted its stake in shares of Orion Energy Systems by 9.2% in the 1st quarter. Grace & White Inc. NY now owns 241,387 shares of the electronics maker’s stock valued at $2,110,000 after purchasing an additional 20,400 shares during the last quarter. Finally, North Star Investment Management Corp. lifted its position in shares of Orion Energy Systems by 6.3% during the 4th quarter. North Star Investment Management Corp. now owns 407,452 shares of the electronics maker’s stock valued at $6,267,000 after acquiring an additional 23,998 shares during the period. 52.59% of the stock is owned by institutional investors.
About Orion Energy Systems
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.