North Star Investment Management Corp. buys $2,930,907 stake in Orion Energy Systems (OESX)

Orion Energy Systems (OESX) : North Star Investment Management Corp. scooped up 8,837 additional shares in Orion Energy Systems during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 2,093,505 shares of Orion Energy Systems which is valued at $2,930,907.Orion Energy Systems makes up approximately 0.53% of North Star Investment Management Corp.’s portfolio.

Other Hedge Funds, Including ,

Orion Energy Systems (OESX) witnessed a volatile trading activity on Tuesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $1.4215 and reached the intraday high at $1.4215. The bulls started the profit booking and pushed the shares to intraday low of $1.35. The trading session was marked by a volume range of 26,117 shares exchanging hands. The 52-week high of the shares is $2.5 and the 52-week low is $1.04. The market cap of the company stands at $39 M and there are 2,81,13,622 shares in public circulation.

On the company’s financial health, Orion Energy Systems reported $-0.11 EPS for the quarter, based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus estimate of $-0.11. The company had revenue of $15.60 million for the quarter, compared to analysts expectations of $16.98 million. The company’s revenue was down -6.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.13 EPS.

Many Wall Street Analysts have commented on Orion Energy Systems. Rodman & Renshaw Initiated Orion Energy Systems on Jul 18, 2016 to “Buy”, Price Target of the shares are set at $2.50.

Orion Energy Systems Inc. is a designer and manufacturer of energy efficient lighting platforms. The Company researches develops designs manufactures markets and implements energy management systems consisting of energy efficient commercial and industrial interior and exterior lighting systems and related services. The Company operates in three segments: U.S. Markets Engineered Systems and Distribution Services. The U.S. Markets division focuses on selling lighting solutions into the wholesale markets including domestic energy service companies (ESCOs) and electrical contractors. The Orion Engineered Systems focuses on selling lighting products and construction and engineering services direct to end users. Its products include The LED Door Retrofit (LDR) Interior LED High Bay Fixtures Exterior LED Fixtures The Compact Modular InteLite Dynamic Control Device Apollo Solar Light Pipe and others products. Its customers are national accounts Government municipal and schools.

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