Orion Energy Systems, Inc.’s (NASDAQ:OESX) Share Price Boosted 26% But Its Business Prospects Need A Lift Too
Orion Energy Systems, Inc. (NASDAQ:OESX) shares have continued their recent momentum with a 26% gain in the last month alone. Notwithstanding the latest gain, the annual share price return of 3.0% isn’t as impressive.
Even after such a large jump in price, Orion Energy Systems may still be sending bullish signals at the moment with its price-to-sales (or “P/S”) ratio of 0.4x, since almost half of all companies in the Electrical industry in the United States have P/S ratios greater than 2.2x and even P/S higher than 6x are not unusual. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the reduced P/S.
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