Geode Capital Management LLC Grows Stock Position in Orion Energy Systems, Inc. (NASDAQ:OESX)

Geode Capital Management LLC grew its position in shares of Orion Energy Systems, Inc. (NASDAQ:OESX) by 9.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 312,127 shares of the electronics maker’s stock after buying an additional 25,816 shares during the period. Geode Capital Management LLC owned 0.95% of Orion Energy Systems worth $268,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in OESX. Tieton Capital Management LLC raised its stake 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 period. Grace & White Inc. NY increased its stake in shares of Orion Energy Systems by 1.3% in the third 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 in the last quarter. Finally, North Star Investment Management Corp. raised its position 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 valued at $3,370,000 after purchasing an additional 47,300 shares during the period. Institutional investors own 52.59% of the company’s stock.

Orion Energy Systems Trading Down 3.1 %

Shares of OESX stock opened at $0.82 on Tuesday. The company’s fifty day simple moving average is $0.85 and its two-hundred day simple moving average is $0.91. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.49 and a quick ratio of 0.93. Orion Energy Systems, Inc. has a 1 year low of $0.68 and a 1 year high of $1.53. The stock has a market capitalization of $26.84 million, a price-to-earnings ratio of -3.26 and a beta of 1.32.

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 analysts’ consensus estimates of ($0.09) by ($0.02). Orion Energy Systems had a negative net margin of 8.76% and a negative return on equity of 48.81%. The business had revenue of $19.36 million for the quarter, compared to the consensus estimate of $19.40 million. During the same period in the previous year, the firm earned ($0.14) EPS. As a group, analysts anticipate that Orion Energy Systems, Inc. will post -0.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Orion Energy Systems in a report on Tuesday. They issued a “hold” rating for the company.

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).