Orion Energy Systems (OESX) Sees Strong Trading Volume

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.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Penbrook Management LLC purchased a new position in Orion Energy Systems during the fourth quarter valued at approximately $381,000. Vanguard Group Inc grew its position in Orion Energy Systems by 10.1% during the third quarter. Vanguard Group Inc now owns 651,580 shares of the electronics maker’s stock valued at $626,000 after purchasing an additional 60,000 shares in the last quarter. North Star Investment Management Corp. grew its position in Orion Energy Systems by 15.5% during the first quarter. North Star Investment Management Corp. now owns 3,534,300 shares of the electronics maker’s stock valued at $3,130,000 after purchasing an additional 474,552 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Orion Energy Systems by 2.4% during the first quarter. Renaissance Technologies LLC now owns 1,196,335 shares of the electronics maker’s stock valued at $1,059,000 after purchasing an additional 27,900 shares in the last quarter. 37.57% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “Orion Energy Systems (OESX) Sees Strong Trading Volume” was first published by Baseball Daily News and is the property of of Baseball Daily News. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.baseballdailydigest.com/news/2019/05/20/orion-energy-systems-oesx-sees-strong-trading-volume.html.

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.

See Also: QQQ ETF

Receive News & Ratings for Orion Energy Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orion Energy Systems and related companies with MarketBeat.com's FREE daily email newsletter.