Grace & White Inc. NY Grows Stock Position in Orion Energy Systems, Inc. (NASDAQ:OESX)

Grace & White Inc. NY increased its holdings in shares of Orion Energy Systems, Inc. (NASDAQ:OESX) by 1.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,695,406 shares of the electronics maker’s stock after acquiring an additional 33,451 shares during the period. Grace & White Inc. NY owned approximately 8.23% of Orion Energy Systems worth $2,310,000 as of its most recent SEC filing.

Separately, North Star Investment Management Corp. grew its position in Orion Energy Systems by 1.4% in the first quarter. North Star Investment Management Corp. now owns 3,868,702 shares of the electronics maker’s stock worth $3,367,000 after acquiring an additional 55,000 shares during the period. Institutional investors and hedge funds own 52.59% of the company’s stock.

Orion Energy Systems Trading Up 2.7 %

Shares of Orion Energy Systems stock opened at $0.95 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.70 and a quick ratio of 1.06. Orion Energy Systems, Inc. has a 1 year low of $0.81 and a 1 year high of $1.53. The company has a market capitalization of $30.94 million, a P/E ratio of -2.55 and a beta of 1.42. The business has a 50 day moving average price of $0.87 and a 200 day moving average price of $0.96.

Orion Energy Systems (NASDAQ:OESX) last posted its earnings results on Wednesday, August 7th. The electronics maker reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.01. Orion Energy Systems had a negative net margin of 9.47% and a negative return on equity of 48.47%. The business had revenue of $19.91 million for the quarter, compared to analyst estimates of $19.16 million. During the same quarter in the previous year, the business posted ($0.18) EPS. Sell-side analysts anticipate that Orion Energy Systems, Inc. will post -0.24 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on OESX shares. HC Wainwright reiterated a “buy” rating and issued a $3.00 price objective on shares of Orion Energy Systems in a research report on Thursday, August 8th. StockNews.com assumed coverage on Orion Energy Systems in a report on Friday. They set a “hold” rating on the stock.

Orion Energy Systems Company Profile

Orion Energy Systems, Inc, together with its subsidiaries, researches, designs, develops, manufactures, markets, sells, installs, and implements energy management systems for commercial office and retail, area lighting, industrial applications, and government in North America and Germany. It operates in three segments: Lighting, Maintenance, and Electric Vehicle (EV).