Renaissance Technologies LLC Reduces Position in Orion Energy Systems, Inc. (NASDAQ:OESX)

Renaissance Technologies LLC decreased its position in Orion Energy Systems, Inc. (NASDAQ:OESX) by 1.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,341,035 shares of the electronics maker’s stock after selling 13,197 shares during the period. Renaissance Technologies LLC owned approximately 4.10% of Orion Energy Systems worth $1,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, North Star Investment Management Corp. increased its holdings in shares of Orion Energy Systems by 1.4% in the first quarter. North Star Investment Management Corp. now owns 3,868,702 shares of the electronics maker’s stock valued at $3,367,000 after purchasing an additional 55,000 shares during the period. 52.59% of the stock is owned by hedge funds and other institutional investors.

Orion Energy Systems Price Performance

Shares of OESX opened at $0.86 on Friday. The business’s 50-day moving average is $0.90 and its two-hundred day moving average is $0.96. The company has a market capitalization of $28.00 million, a P/E ratio of -2.31 and a beta of 1.42. Orion Energy Systems, Inc. has a fifty-two week low of $0.81 and a fifty-two week high of $1.53. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.06 and a current ratio of 1.70.

Orion Energy Systems (NASDAQ:OESX) last posted its earnings results on Wednesday, August 7th. The electronics maker reported ($0.11) EPS for the quarter, topping the consensus estimate 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 firm had revenue of $19.91 million for the quarter, compared to analyst estimates of $19.16 million. During the same period last year, the company earned ($0.18) earnings per share. Research analysts predict that Orion Energy Systems, Inc. will post -0.24 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. HC Wainwright reiterated a “buy” rating and issued a $3.00 target price on shares of Orion Energy Systems in a research report on Thursday, August 8th. StockNews.com began coverage on shares of Orion Energy Systems in a research note on Wednesday. They set a “hold” rating for the company.

Orion Energy Systems Company Profile

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