Acuitas Investments LLC Has $814,000 Position in Orion Energy Systems, Inc. (NASDAQ:OESX)

Acuitas Investments LLC lessened its position in shares of Orion Energy Systems, Inc. (NASDAQ:OESX) by 10.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,016,980 shares of the electronics maker’s stock after selling 123,153 shares during the period. Acuitas Investments LLC owned approximately 3.09% of Orion Energy Systems worth $814,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Grace & White Inc. NY boosted its holdings in shares of Orion Energy Systems by 1.3% in the 3rd quarter. Grace & White Inc. NY now owns 2,695,406 shares of the electronics maker’s stock valued at $2,310,000 after purchasing an additional 33,451 shares in the last quarter. North Star Investment Management Corp. raised its stake in shares of Orion Energy Systems by 1.2% during the third quarter. North Star Investment Management Corp. now owns 3,933,002 shares of the electronics maker’s stock valued at $3,370,000 after acquiring an additional 47,300 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Orion Energy Systems by 9.0% during the 3rd quarter. Geode Capital Management LLC now owns 312,127 shares of the electronics maker’s stock worth $268,000 after purchasing an additional 25,816 shares during the last quarter. Institutional investors and hedge funds own 52.59% of the company’s stock.

Analyst Upgrades and Downgrades

OESX has been the subject of several recent analyst reports. StockNews.com initiated coverage on Orion Energy Systems in a research note on Saturday. They set a “hold” rating for the company. HC Wainwright reiterated a “buy” rating and set a $3.00 target price on shares of Orion Energy Systems in a research report on Wednesday, February 12th.

Orion Energy Systems Trading Up 2.5 %

NASDAQ OESX opened at $0.83 on Tuesday. The stock has a market capitalization of $27.32 million, a price-to-earnings ratio of -3.32 and a beta of 1.36. The business’s fifty day moving average is $0.81 and its 200-day moving average is $0.87. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.49 and a quick ratio of 0.93. Orion Energy Systems, Inc. has a one year low of $0.68 and a one year high of $1.53.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings data on Tuesday, February 11th. The electronics maker reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.01. Orion Energy Systems had a negative return on equity of 48.81% and a negative net margin of 8.76%. Equities research analysts predict that Orion Energy Systems, Inc. will post -0.3 EPS for the current year.

Orion Energy Systems Profile

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).