Orion Energy Systems, Inc. (NASDAQ:OESX) saw unusually-strong trading volume on Monday . Approximately 1,600,744 shares were traded during mid-day trading, an increase of 575% from the previous session’s volume of 237,048 shares.The stock last traded at $2.09 and had previously closed at $1.49.
Several research analysts have recently weighed in on OESX shares. Zacks Investment Research downgraded shares of Orion Energy Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, February 12th. Roth Capital raised shares of Orion Energy Systems from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 3rd. HC Wainwright reaffirmed a “buy” rating and set a $1.75 price objective on shares of Orion Energy Systems in a research report on Friday, February 8th. Finally, Craig Hallum raised shares of Orion Energy Systems from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th.
The stock has a market cap of $44.07 million, a P/E ratio of -5.50 and a beta of 1.93. The company has a current ratio of 1.51, a quick ratio of 0.98 and a debt-to-equity ratio of 0.18.
Orion Energy Systems Company Profile (NASDAQ:OESX)
Orion Energy Systems, Inc researches, designs, develops, manufactures, implements, markets, and sells energy management systems for the commercial office and retail, area lighting, and industrial markets in North America. The company operates in three segments: Orion U.S. Markets Division, Orion Engineered Systems Division, and Orion Distribution Services Division.
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