Orion Energy Systems (NASDAQ:OESX) Receives New Coverage from Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a research note issued to investors on Wednesday. The firm set a “hold” rating on the electronics maker’s stock.

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $3.00 price target on shares of Orion Energy Systems in a research note on Thursday, August 8th.

Orion Energy Systems Stock Performance

Shares of Orion Energy Systems stock opened at $0.85 on Wednesday. The firm has a market capitalization of $27.91 million, a PE ratio of -2.30 and a beta of 1.43. Orion Energy Systems has a twelve month low of $0.81 and a twelve month high of $1.53. The firm’s 50-day moving average price is $0.92 and its 200 day moving average price is $0.96. The company has a current ratio of 1.70, a quick ratio of 1.06 and a debt-to-equity ratio of 0.70.

Orion Energy Systems (NASDAQ:OESX) last issued its quarterly earnings results on Wednesday, August 7th. The electronics maker reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. The firm had revenue of $19.91 million for the quarter, compared to analyst estimates of $19.16 million. Orion Energy Systems had a negative net margin of 9.47% and a negative return on equity of 48.47%. During the same period last year, the company posted ($0.18) EPS. On average, sell-side analysts predict that Orion Energy Systems will post -0.24 EPS for the current fiscal year.

Institutional Trading of Orion Energy Systems

A number of hedge funds have recently bought and sold shares of OESX. US Bancorp DE raised its holdings in Orion Energy Systems by 111.5% in the 4th quarter. US Bancorp DE now owns 952,274 shares of the electronics maker’s stock valued at $825,000 after acquiring an additional 502,023 shares during the last quarter. North Star Investment Management Corp. raised its holdings in Orion Energy Systems by 1.4% in the 1st quarter. North Star Investment Management Corp. now owns 3,868,702 shares of the electronics maker’s stock valued at $3,367,000 after acquiring an additional 55,000 shares during the last quarter. Tieton Capital Management LLC raised its holdings in Orion Energy Systems by 2.5% in the 2nd quarter. Tieton Capital Management LLC now owns 2,186,931 shares of the electronics maker’s stock valued at $2,427,000 after acquiring an additional 53,789 shares during the last quarter. Finally, Grace & White Inc. NY raised its holdings in Orion Energy Systems by 0.5% in the 2nd quarter. Grace & White Inc. NY now owns 2,661,955 shares of the electronics maker’s stock valued at $2,955,000 after acquiring an additional 13,011 shares during the last quarter. Institutional investors and hedge funds own 52.59% of the company’s stock.

About Orion Energy Systems

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.