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

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

Separately, HC Wainwright reissued a “buy” rating and issued a $3.00 price target on shares of Orion Energy Systems in a report on Wednesday.

Orion Energy Systems Trading Up 2.5 %

OESX opened at $0.83 on Friday. The firm has a market capitalization of $27.35 million, a P/E ratio of -3.32 and a beta of 1.36. The firm’s 50 day moving average is $0.81 and its 200-day moving average is $0.87. The company has a quick ratio of 0.93, a current ratio of 1.49 and a debt-to-equity ratio of 0.77. Orion Energy Systems has a 52-week low of $0.68 and a 52-week high of $1.53.

Orion Energy Systems (NASDAQ:OESX) last released its quarterly earnings results on Tuesday, February 11th. The electronics maker reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.01. Orion Energy Systems had a negative net margin of 8.76% and a negative return on equity of 48.81%. Analysts expect that Orion Energy Systems will post -0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in OESX. North Star Investment Management Corp. raised its stake in shares of Orion Energy Systems by 1.2% in 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 in the last quarter. Grace & White Inc. NY increased its holdings in Orion Energy Systems by 1.9% in the fourth 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 last quarter. Tieton Capital Management LLC raised its stake in Orion Energy Systems by 25.6% during the fourth quarter. Tieton Capital Management LLC now owns 2,661,853 shares of the electronics maker’s stock valued at $2,130,000 after buying an additional 541,773 shares in the last quarter. Geode Capital Management LLC lifted its holdings 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 worth $268,000 after buying an additional 25,816 shares during the last quarter. Finally, Mariner LLC acquired a new position in shares of Orion Energy Systems in the 4th quarter worth approximately $35,000. 52.59% of the stock is owned by institutional investors and hedge funds.

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).