Orion Energy Systems (NASDAQ:OESX) has been assigned a $2.00 price target by investment analysts at HC Wainwright in a research note issued to investors on Thursday. The firm currently has a “buy” rating on the electronics maker’s stock. HC Wainwright’s target price points to a potential upside of 163.16% from the stock’s previous close.

Separately, Zacks Investment Research upgraded Orion Energy Systems from a “hold” rating to a “buy” rating and set a $1.00 price objective on the stock in a report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $1.33.

Orion Energy Systems (NASDAQ:OESX) traded down $0.02 during mid-day trading on Thursday, reaching $0.76. The company had a trading volume of 6,032 shares, compared to its average volume of 128,185. The company has a current ratio of 1.97, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12. Orion Energy Systems has a 12 month low of $0.74 and a 12 month high of $2.11. The firm has a market cap of $22.84, a PE ratio of -1.18 and a beta of 1.12.

Orion Energy Systems (NASDAQ:OESX) last posted its quarterly earnings data on Wednesday, February 7th. The electronics maker reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. Orion Energy Systems had a negative return on equity of 48.48% and a negative net margin of 29.13%. equities research analysts anticipate that Orion Energy Systems will post -0.49 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Orion Energy Systems stock. Prudential Financial Inc. grew its holdings in Orion Energy Systems, Inc. (NASDAQ:OESX) by 11.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,000 shares of the electronics maker’s stock after purchasing an additional 10,300 shares during the quarter. Prudential Financial Inc. owned about 0.36% of Orion Energy Systems worth $132,000 as of its most recent SEC filing. 43.16% of the stock is owned by institutional investors.

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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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