Orion Energy Systems (OESX) PT Raised to $3.75

Orion Energy Systems (NASDAQ:OESX) had its price target boosted by HC Wainwright from $1.75 to $3.75 in a research report report published on Tuesday, The Fly reports. They currently have a buy rating on the electronics maker’s stock.

Other analysts also recently issued research reports about the company. ValuEngine upgraded Orion Energy Systems from a hold rating to a buy rating in a research report on Monday. Craig Hallum upgraded Orion Energy Systems from a hold rating to a buy rating in a research report on Thursday, April 4th. Zacks Investment Research upgraded Orion Energy Systems from a hold rating to a buy rating and set a $1.00 target price for the company in a research report on Saturday, February 9th. Finally, Roth Capital upgraded Orion Energy Systems from a neutral rating to a buy rating in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $1.87.

NASDAQ:OESX opened at $2.12 on Tuesday. The company has a market capitalization of $44.07 million, a P/E ratio of -5.58 and a beta of 1.93. Orion Energy Systems has a 1-year low of $0.53 and a 1-year high of $2.14. The company has a quick ratio of 0.98, a current ratio of 1.51 and a debt-to-equity ratio of 0.18.

Hedge funds have recently made changes to their positions in the business. Penbrook Management LLC bought a new stake in Orion Energy Systems in the fourth quarter valued at approximately $381,000. Vanguard Group Inc lifted its position in Orion Energy Systems by 10.1% in 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 during the last quarter. Renaissance Technologies LLC lifted its position in Orion Energy Systems by 2.4% in 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 during the last quarter. Finally, North Star Investment Management Corp. lifted its position in Orion Energy Systems by 15.5% in 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 during the last quarter. Hedge funds and other institutional investors own 37.57% of the company’s stock.

About Orion Energy Systems

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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