US Bancorp DE Decreases Holdings in Orion Energy Systems, Inc. (NASDAQ:OESX)

US Bancorp DE cut its holdings in shares of Orion Energy Systems, Inc. (NASDAQ:OESX) by 21.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 760,466 shares of the electronics maker’s stock after selling 210,058 shares during the quarter. US Bancorp DE owned 2.31% of Orion Energy Systems worth $608,000 at the end of the most recent quarter.

Separately, Grace & White Inc. NY increased its stake in shares of Orion Energy Systems by 1.9% in the fourth quarter. Grace & White Inc. NY now owns 2,745,544 shares of the electronics maker’s stock worth $2,197,000 after buying an additional 50,138 shares during the period. Institutional investors own 52.59% of the company’s stock.

Orion Energy Systems Stock Performance

Shares of Orion Energy Systems stock opened at $0.78 on Wednesday. The stock has a market cap of $25.60 million, a price-to-earnings ratio of -3.38 and a beta of 1.39. The firm’s 50-day moving average is $0.83 and its 200 day moving average is $0.86. Orion Energy Systems, Inc. has a 1 year low of $0.68 and a 1 year high of $1.53. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.40 and a quick ratio of 0.89.

Orion Energy Systems (NASDAQ:OESX) last posted its earnings results on Tuesday, February 11th. The electronics maker reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.01. Orion Energy Systems had a negative net margin of 8.54% and a negative return on equity of 48.85%. Sell-side analysts anticipate that Orion Energy Systems, Inc. will post -0.32 EPS for the current fiscal year.

Analyst Ratings Changes

OESX has been the topic of a number of research analyst reports. StockNews.com initiated coverage on shares of Orion Energy Systems in a research report on Tuesday. They set a “hold” rating on the stock. HC Wainwright reissued a “buy” rating and set a $3.00 price objective on shares of Orion Energy Systems in a research report on Wednesday, February 12th.

About Orion Energy Systems

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).