Orion Energy Systems (NASDAQ:OESX) Earns Hold Rating from Analysts at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a research note issued to investors on Tuesday. The firm set a “hold” rating on the electronics maker’s stock.

Orion Energy Systems Trading Down 3.1 %

NASDAQ OESX opened at $0.82 on Tuesday. Orion Energy Systems has a one year low of $0.68 and a one year high of $1.53. The company has a 50-day simple moving average of $0.85 and a 200-day simple moving average of $0.91. 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 has a market capitalization of $26.84 million, a PE ratio of -3.26 and a beta of 1.32.

Orion Energy Systems (NASDAQ:OESX) last posted its quarterly earnings results on Wednesday, November 6th. The electronics maker reported ($0.11) EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $19.40 million. During the same period last year, the firm posted ($0.14) earnings per share. On average, equities analysts forecast that Orion Energy Systems will post -0.3 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in Orion Energy Systems by 9.0% during the 3rd quarter. Geode Capital Management LLC now owns 312,127 shares of the electronics maker’s stock valued at $268,000 after purchasing an additional 25,816 shares during the period. 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 valued at $3,370,000 after purchasing an additional 47,300 shares during the period. Grace & White Inc. NY boosted its stake in Orion Energy Systems by 1.3% during 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 during the period. Finally, Tieton Capital Management LLC boosted its stake in 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 purchasing an additional 53,789 shares during the period. 52.59% of the stock is owned by institutional investors and hedge funds.

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).