Orion Energy Systems (NASDAQ:OESX) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a report released on Saturday. The firm set a “hold” rating on the electronics maker’s stock.

Orion Energy Systems Trading Up 3.7 %

Shares of OESX stock opened at $0.84 on Friday. Orion Energy Systems has a 1-year low of $0.68 and a 1-year high of $1.53. The company has a market cap of $27.64 million, a price-to-earnings ratio of -3.36 and a beta of 1.33. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.49 and a quick ratio of 0.93. The stock has a 50 day simple moving average of $0.89 and a 200-day simple moving average of $0.95.

Orion Energy Systems (NASDAQ:OESX) last posted its quarterly earnings data on Wednesday, November 6th. The electronics maker reported ($0.11) earnings per share 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 prior year, the company posted ($0.14) earnings per share. On average, equities research analysts expect that Orion Energy Systems will post -0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Orion Energy Systems

Hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in shares of Orion Energy Systems by 9.0% in 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 lifted its holdings in Orion Energy Systems by 1.3% in the 3rd quarter. Grace & White Inc. NY now owns 2,695,406 shares of the electronics maker’s stock valued at $2,310,000 after purchasing an additional 33,451 shares in the last quarter. North Star Investment Management Corp. boosted its stake in Orion Energy Systems by 1.2% during 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 purchasing an additional 47,300 shares during the last quarter. Finally, Tieton Capital Management LLC grew its holdings in shares of Orion Energy Systems by 2.5% during the second quarter. Tieton Capital Management LLC now owns 2,186,931 shares of the electronics maker’s stock worth $2,427,000 after buying an additional 53,789 shares in the last quarter. Institutional investors and hedge funds own 52.59% of the company’s stock.

Orion Energy Systems Company Profile

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).