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

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

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $3.00 price objective on shares of Orion Energy Systems in a research note on Thursday, August 8th.

Orion Energy Systems Price Performance

NASDAQ OESX opened at $0.86 on Tuesday. The stock has a market capitalization of $28.10 million, a P/E ratio of -2.32 and a beta of 1.43. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.06 and a current ratio of 1.70. The business’s fifty day moving average is $0.94 and its two-hundred day moving average is $0.96. Orion Energy Systems has a 1 year low of $0.81 and a 1 year high of $1.53.

Orion Energy Systems (NASDAQ:OESX) last released its quarterly earnings results on Wednesday, August 7th. The electronics maker reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. Orion Energy Systems had a negative return on equity of 48.47% and a negative net margin of 9.47%. The business had revenue of $19.91 million during the quarter, compared to analyst estimates of $19.16 million. During the same quarter last year, the company posted ($0.18) EPS. On average, research analysts forecast that Orion Energy Systems will post -0.24 earnings per share for the current fiscal year.

Institutional Trading of Orion Energy Systems

Several institutional investors have recently made changes to their positions in OESX. Tieton Capital Management LLC grew its stake in Orion Energy Systems by 2.5% in the second 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 in the last quarter. Grace & White Inc. NY raised its position in Orion Energy Systems by 0.5% during the second quarter. Grace & White Inc. NY now owns 2,661,955 shares of the electronics maker’s stock valued at $2,955,000 after acquiring an additional 13,011 shares in the last quarter. North Star Investment Management Corp. lifted its stake in Orion Energy Systems by 1.4% in the first quarter. North Star Investment Management Corp. now owns 3,868,702 shares of the electronics maker’s stock valued at $3,367,000 after acquiring an additional 55,000 shares during the last quarter. Finally, US Bancorp DE grew its position in Orion Energy Systems by 111.5% in the fourth quarter. US Bancorp DE now owns 952,274 shares of the electronics maker’s stock worth $825,000 after acquiring an additional 502,023 shares in the last quarter. 52.59% of the stock is currently owned by institutional investors and hedge funds.

About Orion Energy Systems

Orion Energy Systems, Inc researches, designs, develops, manufactures, markets, sells, installs, and implements energy management systems for commercial office and retail, exterior area lighting, and industrial applications in North America. The company operates through three segments: Orion Services Group, Orion Distribution Services, and Orion U.S.