StockNews.com Initiates Coverage on Orion Energy Systems (NASDAQ:OESX)

Research analysts at StockNews.com initiated coverage on shares of Orion Energy Systems (NASDAQ:OESX) 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.

Orion Energy Systems Trading Down 1.3 %

OESX opened at $0.73 on Wednesday. The stock has a market cap of $24.06 million, a price-to-earnings ratio of -3.18 and a beta of 1.39. The stock’s 50 day moving average price is $0.82 and its 200-day moving average price is $0.85. Orion Energy Systems has a one year low of $0.68 and a one year high of $1.53. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.89 and a current ratio of 1.40.

Orion Energy Systems (NASDAQ:OESX) 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).