Orion Energy Systems (NASDAQ:OESX) Now Covered by StockNews.com

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

Orion Energy Systems Stock Down 1.3 %

OESX stock opened at $0.78 on Friday. The business’s 50-day moving average price is $0.88 and its 200-day moving average price is $0.94. The stock has a market cap of $25.67 million, a P/E ratio of -3.12 and a beta of 1.33. The company has a quick ratio of 0.93, a current ratio of 1.49 and a debt-to-equity ratio of 0.77. Orion Energy Systems has a twelve month low of $0.68 and a twelve month high of $1.53.

Orion Energy Systems (NASDAQ:OESX) last issued its quarterly earnings results on Wednesday, November 6th. The electronics maker reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.02). The firm had revenue of $19.36 million for the quarter, compared to analysts’ expectations of $19.40 million. Orion Energy Systems had a negative net margin of 8.76% and a negative return on equity of 48.81%. During the same period in the prior year, the firm earned ($0.14) EPS. 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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC grew 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 purchasing an additional 25,816 shares in the last quarter. Grace & White Inc. NY boosted its stake 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 worth $2,310,000 after purchasing an additional 33,451 shares during the period. Tieton Capital Management LLC raised its position 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 valued at $2,427,000 after buying an additional 53,789 shares during the last quarter. Finally, North Star Investment Management Corp. lifted its holdings in shares of Orion Energy Systems by 1.2% in the third quarter. North Star Investment Management Corp. now owns 3,933,002 shares of the electronics maker’s stock worth $3,370,000 after buying an additional 47,300 shares in 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).