Zacks Investment Research upgraded shares of Orion Energy Systems, Inc. (NASDAQ:OESX) from a hold rating to a buy rating in a research note issued to investors on Tuesday. The firm currently has $1.00 price objective on the electronics maker’s stock.

According to Zacks, “ORION ENERGY SYSTEMS, INC. is a leading power technology enterprise that designs, manufactures and implements energy management systems, consisting primarily of high-performance, energy efficient lighting systems, controls and related services, for commercial and industrial customers without compromising their quantity or quality of light. “

Several other equities analysts have also issued reports on the company. HC Wainwright reissued a buy rating on shares of Orion Energy Systems in a research note on Friday, November 3rd. ValuEngine lowered Orion Energy Systems from a sell rating to a strong sell rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Orion Energy Systems currently has a consensus rating of Hold and an average target price of $1.67.

Shares of Orion Energy Systems (OESX) traded up $0.02 during mid-day trading on Tuesday, reaching $0.90. The company had a trading volume of 21,262 shares, compared to its average volume of 71,899. Orion Energy Systems has a 1-year low of $0.80 and a 1-year high of $2.57. The company has a current ratio of 1.97, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12.

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A number of institutional investors and hedge funds have recently modified their holdings of OESX. North Star Investment Management Corp. lifted its stake in Orion Energy Systems by 7.0% in the second quarter. North Star Investment Management Corp. now owns 2,830,964 shares of the electronics maker’s stock valued at $3,624,000 after buying an additional 185,000 shares during the period. IFC Holdings Incorporated FL acquired a new position in Orion Energy Systems in the second quarter valued at approximately $128,000. New York State Common Retirement Fund lifted its stake in Orion Energy Systems by 11.3% in the second quarter. New York State Common Retirement Fund now owns 570,230 shares of the electronics maker’s stock valued at $730,000 after buying an additional 57,799 shares during the period. Renaissance Technologies LLC lifted its stake in Orion Energy Systems by 7.2% in the first quarter. Renaissance Technologies LLC now owns 807,500 shares of the electronics maker’s stock valued at $1,599,000 after buying an additional 54,000 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Orion Energy Systems by 4.4% in the first quarter. Dimensional Fund Advisors LP now owns 478,694 shares of the electronics maker’s stock valued at $948,000 after buying an additional 20,146 shares during the period. 44.90% of the stock is currently owned by hedge funds and other institutional investors.

About Orion Energy Systems

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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