Orion Energy Systems, Inc. (NASDAQ:OESX) Stock Holdings Boosted by Grace & White Inc. NY

Grace & White Inc. NY lifted its position in Orion Energy Systems, Inc. (NASDAQ:OESX) by 1.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,745,544 shares of the electronics maker’s stock after buying an additional 50,138 shares during the quarter. Grace & White Inc. NY owned approximately 0.08% of Orion Energy Systems worth $2,197,000 at the end of the most recent reporting period.

Separately, Geode Capital Management LLC lifted its stake in Orion Energy Systems by 9.0% during the third quarter. Geode Capital Management LLC now owns 312,127 shares of the electronics maker’s stock valued at $268,000 after purchasing an additional 25,816 shares during the last quarter. Institutional investors and hedge funds own 52.59% of the company’s stock.

Wall Street Analysts Forecast Growth

OESX has been the topic of several recent research reports. HC Wainwright restated a “buy” rating and issued a $3.00 price target on shares of Orion Energy Systems in a research report on Wednesday. StockNews.com initiated coverage on Orion Energy Systems in a report on Friday, February 7th. They issued a “hold” rating on the stock.

Orion Energy Systems Stock Down 1.9 %

OESX stock opened at $0.80 on Thursday. Orion Energy Systems, Inc. has a one year low of $0.68 and a one year high of $1.53. The firm has a 50-day moving average of $0.82 and a two-hundred day moving average of $0.87. The company has a quick ratio of 0.93, a current ratio of 1.49 and a debt-to-equity ratio of 0.77.

Orion Energy Systems (NASDAQ:OESX) last released its quarterly earnings results on Tuesday, February 11th. The electronics maker reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. Orion Energy Systems had a negative net margin of 8.76% and a negative return on equity of 48.81%. On average, research analysts expect that Orion Energy Systems, Inc. will post -0.3 EPS for the current year.

Orion Energy Systems 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).