Orion Energy Systems (NASDAQ:OESX) Coverage Initiated by Analysts at StockNews.com

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

Orion Energy Systems Price Performance

Shares of OESX stock opened at $0.79 on Thursday. The firm has a market cap of $25.90 million, a price-to-earnings ratio of -3.15 and a beta of 1.32. Orion Energy Systems has a 12 month low of $0.68 and a 12 month high of $1.53. The company has a quick ratio of 0.93, a current ratio of 1.49 and a debt-to-equity ratio of 0.77. The stock has a 50-day moving average price of $0.82 and a 200 day moving average price of $0.89.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of OESX. North Star Investment Management Corp. raised its holdings in 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 purchasing an additional 47,300 shares during the period. Grace & White Inc. NY grew its holdings in shares of Orion Energy Systems by 1.9% in the 4th quarter. Grace & White Inc. NY now owns 2,745,544 shares of the electronics maker’s stock valued at $2,197,000 after buying an additional 50,138 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Orion Energy Systems by 9.0% in the 3rd 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 in the last quarter. Institutional investors own 52.59% of the company’s stock.

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).