HC Wainwright set a $2.00 price objective on Orion Energy Systems (NASDAQ:OESX) in a research report report published on Thursday. The brokerage currently has a buy rating on the electronics maker’s stock.
Separately, Zacks Investment Research lowered shares of Orion Energy Systems from a buy rating to a hold rating in a research report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Orion Energy Systems presently has an average rating of Hold and an average target price of $1.33.
Shares of Orion Energy Systems (NASDAQ OESX) traded up $0.03 during mid-day trading on Thursday, reaching $0.80. 137,724 shares of the company’s stock were exchanged, compared to its average volume of 128,064. Orion Energy Systems has a twelve month low of $0.73 and a twelve month high of $2.11. The stock has a market capitalization of $22.56, a PE ratio of -1.15 and a beta of 1.12. The company has a current ratio of 1.97, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12.
An institutional investor recently raised its position in Orion Energy Systems stock. Prudential Financial Inc. increased its stake in shares of Orion Energy Systems, Inc. (NASDAQ:OESX) by 11.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 103,000 shares of the electronics maker’s stock after acquiring an additional 10,300 shares during the quarter. Prudential Financial Inc. owned about 0.36% of Orion Energy Systems worth $132,000 at the end of the most recent quarter. Institutional investors own 43.16% of the company’s stock.
Orion Energy Systems Company Profile
Orion Energy Systems, Inc is a designer and manufacturer of lighting platforms. The Company researches, develops, designs, manufactures, markets, sells and implements energy management systems consisting primarily of commercial and industrial interior and exterior lighting systems, and related services.
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