Orion Energy Systems (NASDAQ:OESX) had its target price boosted by research analysts at HC Wainwright from $1.75 to $3.75 in a research report issued to clients and investors on Tuesday, The Fly reports. The brokerage currently has a “buy” rating on the electronics maker’s stock. HC Wainwright’s price target would suggest a potential upside of 84.73% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Craig Hallum upgraded shares of Orion Energy Systems from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. ValuEngine upgraded shares of Orion Energy Systems from a “hold” rating to a “buy” rating in a research note on Monday. Zacks Investment Research upgraded shares of Orion Energy Systems from a “hold” rating to a “buy” rating and set a $1.00 target price on the stock in a research note on Saturday, February 9th. Finally, Roth Capital upgraded shares of Orion Energy Systems from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 3rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Orion Energy Systems presently has an average rating of “Buy” and a consensus target price of $1.87.

NASDAQ OESX opened at $2.03 on Tuesday. Orion Energy Systems has a 1 year low of $0.53 and a 1 year high of $2.14. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.98 and a current ratio of 1.51. The company has a market capitalization of $60.04 million, a price-to-earnings ratio of -5.34 and a beta of 1.93.

Hedge funds and other institutional investors have recently bought and sold shares of the business. North Star Investment Management Corp. raised its position in shares of Orion Energy Systems by 15.5% during the 1st quarter. North Star Investment Management Corp. now owns 3,534,300 shares of the electronics maker’s stock valued at $3,130,000 after buying an additional 474,552 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Orion Energy Systems by 2.4% during the 1st quarter. Renaissance Technologies LLC now owns 1,196,335 shares of the electronics maker’s stock valued at $1,059,000 after buying an additional 27,900 shares in the last quarter. Penbrook Management LLC raised its position in shares of Orion Energy Systems by 1.2% during the 1st quarter. Penbrook Management LLC now owns 675,750 shares of the electronics maker’s stock valued at $598,000 after buying an additional 8,300 shares in the last quarter. Finally, Vanguard Group Inc raised its position in shares of Orion Energy Systems by 10.1% during the 3rd quarter. Vanguard Group Inc now owns 651,580 shares of the electronics maker’s stock valued at $626,000 after buying an additional 60,000 shares in the last quarter. Institutional investors and hedge funds own 37.57% of the company’s stock.

About Orion Energy Systems

Orion Energy Systems, Inc researches, designs, develops, manufactures, implements, markets, and sells energy management systems for the commercial office and retail, area lighting, and industrial markets in North America. The company operates in three segments: Orion U.S. Markets Division, Orion Engineered Systems Division, and Orion Distribution Services Division.

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