Orion Energy Systems (NASDAQ:OESX) Shares Cross Above 200-Day Moving Average – Should You Sell?

Orion Energy Systems, Inc. (NASDAQ:OESX) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.93 and traded as high as $8.24. Orion Energy Systems shares last traded at $8.17, with a volume of 6,443 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on OESX. Craig Hallum cut their target price on Orion Energy Systems from $20.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, June 27th. HC Wainwright boosted their price target on shares of Orion Energy Systems to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Orion Energy Systems presently has an average rating of “Buy” and a consensus price target of $17.50.

Orion Energy Systems Trading Up 0.1%

The company has a debt-to-equity ratio of 0.75, a current ratio of 1.23 and a quick ratio of 0.84. The business’s 50 day moving average is $7.36 and its 200 day moving average is $6.93. The stock has a market cap of $27.19 million, a price-to-earnings ratio of -2.82 and a beta of 1.06.

Orion Energy Systems (NASDAQ:OESX) last issued its earnings results on Wednesday, August 6th. The electronics maker reported ($0.40) EPS for the quarter, topping analysts’ consensus estimates of ($0.50) by $0.10. The firm had revenue of $19.58 million during the quarter, compared to the consensus estimate of $20.00 million. Orion Energy Systems had a negative net margin of 11.70% and a negative return on equity of 62.99%. As a group, equities analysts expect that Orion Energy Systems, Inc. will post -0.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Orion Energy Systems

Institutional investors and hedge funds have recently modified their holdings of the company. Thompson Davis & CO. Inc. acquired a new position in shares of Orion Energy Systems during the first quarter worth $66,000. US Bancorp DE grew its stake in shares of Orion Energy Systems by 5.1% during the first quarter. US Bancorp DE now owns 799,508 shares of the electronics maker’s stock worth $577,000 after purchasing an additional 39,042 shares in the last quarter. Finally, Grace & White Inc. NY grew its stake in shares of Orion Energy Systems by 3.6% during the second quarter. Grace & White Inc. NY now owns 2,884,085 shares of the electronics maker’s stock worth $1,731,000 after purchasing an additional 99,499 shares in the last quarter. Institutional investors and hedge funds own 52.59% of the company’s stock.

About Orion Energy Systems

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).