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

Equities researchers at StockNews.com started coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a note issued to investors on Saturday. The firm set a “hold” rating on the electronics maker’s stock.

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

Orion Energy Systems Stock Performance

Shares of OESX stock opened at $0.98 on Friday. The company’s fifty day moving average price is $0.88 and its 200-day moving average price is $0.96. The stock has a market cap of $32.09 million, a PE ratio of -3.50 and a beta of 1.42. The company has a current ratio of 1.70, a quick ratio of 1.06 and a debt-to-equity ratio of 0.70. Orion Energy Systems has a 12 month low of $0.81 and a 12 month high of $1.53.

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

Institutional Investors Weigh In On Orion Energy Systems

Institutional investors have recently made changes to their positions in the company. North Star Investment Management Corp. raised its holdings in Orion Energy Systems by 1.4% in the 1st quarter. North Star Investment Management Corp. now owns 3,868,702 shares of the electronics maker’s stock worth $3,367,000 after acquiring an additional 55,000 shares during the last quarter. 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 last quarter. Finally, Tieton Capital Management LLC increased its holdings in shares of Orion Energy Systems by 2.5% in the 2nd quarter. Tieton Capital Management LLC now owns 2,186,931 shares of the electronics maker’s stock worth $2,427,000 after purchasing an additional 53,789 shares in the last quarter. Hedge funds and other 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).