Orion Energy Systems (NASDAQ:OESX) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Orion Energy Systems, Inc. (NASDAQ:OESX)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.73 and traded as high as $14.35. Orion Energy Systems shares last traded at $12.91, with a volume of 64,403 shares.

Analysts Set New Price Targets

OESX has been the topic of several research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Orion Energy Systems in a research note on Friday, January 9th. Zacks Research lowered Orion Energy Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. Finally, Wall Street Zen raised Orion Energy Systems to a “strong-buy” rating in a report on Saturday, December 6th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $17.50.

Orion Energy Systems Stock Down 9.7%

The firm’s 50 day simple moving average is $16.10 and its 200 day simple moving average is $11.73. The company has a market cap of $52.29 million, a price-to-earnings ratio of -9.03 and a beta of 0.54. The company has a quick ratio of 0.95, a current ratio of 1.35 and a debt-to-equity ratio of 0.76.

Orion Energy Systems (NASDAQ:OESX) last issued its quarterly earnings data on Thursday, February 5th. The electronics maker reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.22. Orion Energy Systems had a negative return on equity of 31.62% and a negative net margin of 5.62%.The business had revenue of $21.09 million during the quarter, compared to the consensus estimate of $20.81 million. Sell-side analysts anticipate that Orion Energy Systems, Inc. will post -0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Orion Energy Systems

An institutional investor recently raised its position in Orion Energy Systems stock. Tieton Capital Management LLC grew its stake in shares of Orion Energy Systems, Inc. (NASDAQ:OESX) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 256,194 shares of the electronics maker’s stock after buying an additional 1,580 shares during the quarter. Orion Energy Systems comprises 1.3% of Tieton Capital Management LLC’s holdings, making the stock its 29th biggest position. Tieton Capital Management LLC owned about 6.33% of Orion Energy Systems worth $3,940,000 as of its most recent filing with the Securities and Exchange Commission. 52.59% of the stock is owned by hedge funds and other institutional investors.

Orion Energy Systems Company Profile

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.