Orion Energy Systems, Inc. (NASDAQ:OESX) Holdings Raised by North Star Investment Management Corp.

North Star Investment Management Corp. grew its holdings in Orion Energy Systems, Inc. (NASDAQ:OESX) by 1.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,933,002 shares of the electronics maker’s stock after purchasing an additional 47,300 shares during the period. North Star Investment Management Corp. owned about 12.01% of Orion Energy Systems worth $3,370,000 as of its most recent SEC filing.

Separately, Tieton Capital Management LLC grew its stake in shares of Orion Energy Systems by 2.5% in the 2nd quarter. Tieton Capital Management LLC now owns 2,186,931 shares of the electronics maker’s stock valued at $2,427,000 after buying an additional 53,789 shares in the last quarter. 52.59% of the stock is currently owned by institutional investors and hedge funds.

Orion Energy Systems Stock Performance

Shares of OESX traded down $0.02 during mid-day trading on Tuesday, hitting $0.98. The company’s stock had a trading volume of 4,686 shares, compared to its average volume of 50,482. The stock’s 50-day moving average is $0.89 and its two-hundred day moving average is $0.96. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.06 and a current ratio of 1.70. The firm has a market capitalization of $31.92 million, a PE ratio of -3.54 and a beta of 1.39. Orion Energy Systems, Inc. has a one year low of $0.81 and a one year high of $1.53.

Orion Energy Systems (NASDAQ:OESX) last issued its earnings results on Wednesday, August 7th. The electronics maker reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. The business had revenue of $19.91 million during the quarter, compared to analyst estimates of $19.16 million. Orion Energy Systems had a negative return on equity of 48.47% and a negative net margin of 9.47%. During the same period in the prior year, the company posted ($0.18) earnings per share. As a group, sell-side analysts anticipate that Orion Energy Systems, Inc. will post -0.24 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. StockNews.com assumed coverage on Orion Energy Systems in a research note on Sunday. They issued a “hold” rating for the company. HC Wainwright reaffirmed a “buy” rating and set a $3.00 target price on shares of Orion Energy Systems in a research report on Thursday, August 8th.

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).