North Star Investment Management Corp. Has $3.37 Million Position in Orion Energy Systems, Inc. (NASDAQ:OESX)

North Star Investment Management Corp. boosted its position in Orion Energy Systems, Inc. (NASDAQ:OESX) by 1.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,933,002 shares of the electronics maker’s stock after buying an additional 47,300 shares during the quarter. North Star Investment Management Corp. owned approximately 0.12% of Orion Energy Systems worth $3,370,000 as of its most recent filing with the SEC.

Separately, Tieton Capital Management LLC increased its position in shares of Orion Energy Systems by 2.5% during the 2nd 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 last quarter. 52.59% of the stock is owned by hedge funds and other institutional investors.

Orion Energy Systems Price Performance

Shares of NASDAQ:OESX traded down $0.02 during trading on Tuesday, reaching $0.98. 4,686 shares of the company traded hands, compared to its average volume of 50,482. The company’s 50 day moving average is $0.89 and its two-hundred day moving average is $0.96. The firm has a market capitalization of $31.92 million, a PE ratio of -3.54 and a beta of 1.39. The company has a quick ratio of 1.06, a current ratio of 1.70 and a debt-to-equity ratio of 0.70. Orion Energy Systems, Inc. has a 52 week low of $0.81 and a 52 week high of $1.53.

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

Analysts Set New Price Targets

Several research firms have weighed in on OESX. HC Wainwright reaffirmed a “buy” rating and set a $3.00 price target on shares of Orion Energy Systems in a research report on Thursday, August 8th. StockNews.com started coverage on Orion Energy Systems in a research note on Sunday. They set a “hold” rating for the company.

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).