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

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

Orion Energy Systems Stock Performance

Shares of NASDAQ OESX opened at $0.84 on Monday. The company has a market cap of $27.61 million, a P/E ratio of -3.36 and a beta of 1.32. Orion Energy Systems has a 52-week low of $0.68 and a 52-week high of $1.53. 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 firm’s fifty day moving average is $0.86 and its two-hundred day moving average is $0.93.

Orion Energy Systems (NASDAQ:OESX) last issued its earnings results on Wednesday, November 6th. The electronics maker reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $19.36 million during the quarter, compared to the consensus estimate of $19.40 million. During the same period last year, the firm posted ($0.14) earnings per share. As a group, analysts anticipate that Orion Energy Systems will post -0.3 EPS for the current fiscal year.

Institutional Trading of Orion Energy Systems

A number of large investors have recently made changes to their positions in the business. Geode Capital Management LLC grew its position in 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 in the last quarter. Tieton Capital Management LLC boosted its holdings in shares of 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 worth $2,427,000 after purchasing an additional 53,789 shares during the period. Grace & White Inc. NY boosted its holdings in shares of 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. Finally, North Star Investment Management Corp. raised its holdings 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 valued at $3,370,000 after buying an additional 47,300 shares during the period. 52.59% of the stock is currently 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).