StockNews.com Begins Coverage on Orion Energy Systems (NASDAQ:OESX)

Research analysts at StockNews.com started coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a report issued on Wednesday. The brokerage set a “hold” rating on the electronics maker’s stock.

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

Orion Energy Systems Stock Up 3.3 %

NASDAQ OESX opened at $0.84 on Wednesday. The stock has a fifty day moving average of $0.90 and a 200-day moving average of $0.97. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.93 and a current ratio of 1.49. The stock has a market capitalization of $27.64 million, a P/E ratio of -3.36 and a beta of 1.39. Orion Energy Systems has a 52 week low of $0.81 and a 52 week high of $1.53.

Orion Energy Systems (NASDAQ:OESX) last issued its quarterly earnings data 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 return on equity of 48.81% and a negative net margin of 8.76%. The company had revenue of $19.36 million for the quarter, compared to analyst estimates of $19.40 million. During the same quarter in the previous year, the business earned ($0.14) earnings per share. On average, equities research analysts forecast that Orion Energy Systems will post -0.3 EPS for the current year.

Institutional Investors Weigh In On Orion Energy Systems

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its position in shares of Orion Energy Systems by 9.0% during the third quarter. Geode Capital Management LLC now owns 312,127 shares of the electronics maker’s stock worth $268,000 after acquiring an additional 25,816 shares during the last quarter. Grace & White Inc. NY increased its position in shares of Orion Energy Systems by 1.3% during the third quarter. Grace & White Inc. NY now owns 2,695,406 shares of the electronics maker’s stock valued at $2,310,000 after acquiring an additional 33,451 shares during the last quarter. Tieton Capital Management LLC grew its position in shares of Orion Energy Systems by 2.5% during 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 period. Finally, North Star Investment Management Corp. increased its holdings in Orion Energy Systems by 1.2% in the 3rd quarter. North Star Investment Management Corp. now owns 3,933,002 shares of the electronics maker’s stock worth $3,370,000 after acquiring an additional 47,300 shares during the last quarter. 52.59% of the stock is owned by institutional investors.

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).