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

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

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

Orion Energy Systems Trading Down 3.0 %

Shares of Orion Energy Systems stock opened at $0.84 on Tuesday. The stock has a market cap of $27.59 million, a PE ratio of -2.28 and a beta of 1.43. The firm has a fifty day moving average price of $0.93 and a 200 day moving average price of $0.96. Orion Energy Systems has a 1 year low of $0.81 and a 1 year high of $1.53. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.70 and a quick ratio of 1.06.

Orion Energy Systems (NASDAQ:OESX) last released its quarterly earnings data 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. The business had revenue of $19.91 million during the quarter, compared to analyst estimates of $19.16 million. Orion Energy Systems had a negative return on equity of 48.47% and a negative net margin of 9.47%. During the same quarter last year, the business posted ($0.18) EPS. Equities research analysts predict that Orion Energy Systems will post -0.24 earnings per share for the current year.

Institutional Investors Weigh In On Orion Energy Systems

A number of institutional investors have recently modified their holdings of OESX. 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 purchasing an additional 55,000 shares during the period. Grace & White Inc. NY increased its position in shares of Orion Energy Systems by 0.5% in 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 buying an additional 13,011 shares in the last quarter. Tieton Capital Management LLC raised its stake in shares of Orion Energy Systems by 2.5% during the 2nd quarter. Tieton Capital Management LLC now owns 2,186,931 shares of the electronics maker’s stock worth $2,427,000 after buying an additional 53,789 shares during the period. Finally, US Bancorp DE lifted its position in shares of Orion Energy Systems by 111.5% during the 4th quarter. US Bancorp DE now owns 952,274 shares of the electronics maker’s stock valued at $825,000 after buying an additional 502,023 shares in the last quarter. 52.59% of the stock is currently owned by institutional investors and hedge funds.

Orion Energy Systems Company Profile

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.