Grace & White Inc. NY Has $2.31 Million Stock Holdings in Orion Energy Systems, Inc. (NASDAQ:OESX)

Grace & White Inc. NY boosted its stake in Orion Energy Systems, Inc. (NASDAQ:OESX) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,695,406 shares of the electronics maker’s stock after acquiring an additional 33,451 shares during the quarter. Grace & White Inc. NY owned 0.08% of Orion Energy Systems worth $2,310,000 as of its most recent SEC filing.

Separately, Tieton Capital Management LLC increased its holdings in shares of Orion Energy Systems by 2.5% during the second quarter. Tieton Capital Management LLC now owns 2,186,931 shares of the electronics maker’s stock worth $2,427,000 after purchasing an additional 53,789 shares during the period. Hedge funds and other institutional investors own 52.59% of the company’s stock.

Orion Energy Systems Trading Up 2.7 %

NASDAQ:OESX opened at $0.95 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.70 and a quick ratio of 1.06. The firm has a 50-day moving average of $0.87 and a 200-day moving average of $0.96. The company has a market cap of $30.94 million, a PE ratio of -2.55 and a beta of 1.42. 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 released its quarterly earnings results on Wednesday, August 7th. The electronics maker reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.01. Orion Energy Systems had a negative net margin of 9.47% and a negative return on equity of 48.47%. The business had revenue of $19.91 million for the quarter, compared to analysts’ expectations of $19.16 million. During the same period in the previous year, the company earned ($0.18) earnings per share. As a group, equities research analysts expect that Orion Energy Systems, Inc. will post -0.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on OESX shares. StockNews.com started coverage on shares of Orion Energy Systems in a research report on Friday. They issued a “hold” rating on the stock. HC Wainwright reissued a “buy” rating and set a $3.00 target price on shares of Orion Energy Systems in a research note 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).