Tieton Capital Management LLC Sells 66,851 Shares of Orion Energy Systems, Inc. (NASDAQ:OESX)

Tieton Capital Management LLC lowered its stake in shares of Orion Energy Systems, Inc. (NASDAQ:OESX) by 3.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,120,080 shares of the electronics maker’s stock after selling 66,851 shares during the period. Tieton Capital Management LLC owned approximately 6.48% of Orion Energy Systems worth $1,817,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Grace & White Inc. NY raised its position in shares of Orion Energy Systems by 0.5% during the second quarter. Grace & White Inc. NY now owns 2,661,955 shares of the electronics maker’s stock worth $2,955,000 after purchasing an additional 13,011 shares during the period. 52.59% of the stock is owned by institutional investors and hedge funds.

Orion Energy Systems Stock Down 2.0 %

OESX opened at $0.82 on Friday. The business has a fifty day simple moving average of $0.90 and a 200 day simple moving average of $0.97. Orion Energy Systems, Inc. has a 1 year low of $0.81 and a 1 year high of $1.53. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.93 and a current ratio of 1.49.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings data on Wednesday, November 6th. The electronics maker reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.02). Orion Energy Systems had a negative net margin of 8.76% and a negative return on equity of 48.81%. The company had revenue of $19.36 million during the quarter, compared to analyst estimates of $19.40 million. During the same period in the prior year, the firm earned ($0.14) earnings per share. Equities analysts anticipate that Orion Energy Systems, Inc. will post -0.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on OESX shares. 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 assumed coverage on Orion Energy Systems in a research report on Tuesday. They set a “hold” rating on the stock.

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).