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

Tieton Capital Management LLC lowered its position in Orion Energy Systems, Inc. (NASDAQ:OESX) by 3.1% during the 3rd quarter, Holdings Channel reports. 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 0.06% of Orion Energy Systems worth $1,817,000 as of its most recent SEC filing.

Separately, Grace & White Inc. NY raised its stake in shares of Orion Energy Systems by 0.5% in 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 last quarter. Institutional investors own 52.59% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on OESX shares. HC Wainwright reissued a “buy” rating and issued a $3.00 price objective on shares of Orion Energy Systems in a research note on Thursday, August 8th. StockNews.com started coverage on Orion Energy Systems in a research note on Tuesday. They issued a “hold” rating for the company.

Orion Energy Systems Price Performance

Shares of OESX opened at $0.82 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.49 and a debt-to-equity ratio of 0.77. The stock has a 50 day moving average of $0.90 and a 200 day moving average of $0.97. Orion Energy Systems, Inc. has a 12 month low of $0.81 and a 12 month high of $1.53.

Orion Energy Systems (NASDAQ:OESX) last issued its quarterly earnings results on Wednesday, November 6th. The electronics maker reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $19.36 million for the quarter, compared to analysts’ expectations of $19.40 million. During the same period in the previous year, the business posted ($0.14) earnings per share. As a group, analysts expect that Orion Energy Systems, Inc. will post -0.3 earnings per share for the current fiscal year.

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).