HC Wainwright Boosts Orion Energy Systems (OESX) Price Target to $3.75
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.
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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