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

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

Orion Energy Systems Stock Performance

NASDAQ OESX opened at $0.82 on Wednesday. The company’s fifty day moving average is $0.83 and its two-hundred day moving average is $0.90. 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 current ratio of 1.49 and a quick ratio of 0.93. The firm has a market capitalization of $26.92 million, a price-to-earnings ratio of -3.27 and a beta of 1.32.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings data 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). 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 for the quarter, compared to analyst estimates of $19.40 million. During the same period in the previous year, the business posted ($0.14) EPS. Equities research analysts forecast that Orion Energy Systems will post -0.3 EPS for the current year.

Hedge Funds Weigh In On Orion Energy Systems

Institutional investors have recently bought and sold shares of the business. North Star Investment Management Corp. lifted its position 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 increased its holdings in 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 valued at $2,310,000 after purchasing an additional 33,451 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake 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 valued at $268,000 after buying an additional 25,816 shares during the period. Institutional investors 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).