Research analysts at StockNews.com initiated coverage on shares of Orion Energy Systems (NASDAQ:OESX – Get Free Report) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the electronics maker’s stock.
Separately, HC Wainwright reaffirmed a “buy” rating and set a $3.00 target price on shares of Orion Energy Systems in a research note on Wednesday, February 12th.
Get Our Latest Research Report on Orion Energy Systems
Orion Energy Systems Trading Down 1.3 %
Orion Energy Systems (NASDAQ:OESX – Get Free Report) last released its earnings results on Tuesday, February 11th. The electronics maker reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. Orion Energy Systems had a negative return on equity of 48.85% and a negative net margin of 8.54%. On average, equities analysts forecast that Orion Energy Systems will post -0.32 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Mariner LLC bought a new position in Orion Energy Systems in the fourth quarter worth approximately $35,000. Geode Capital Management LLC grew 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 worth $268,000 after purchasing an additional 25,816 shares in the last quarter. Tieton Capital Management LLC grew its stake in Orion Energy Systems by 25.6% in the fourth quarter. Tieton Capital Management LLC now owns 2,661,853 shares of the electronics maker’s stock worth $2,130,000 after purchasing an additional 541,773 shares in the last quarter. Finally, Grace & White Inc. NY grew its stake 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 worth $2,197,000 after purchasing an additional 50,138 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).
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