Orion Energy Systems (NASDAQ:OESX) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a research report report published on Monday. The firm issued a hold rating on the electronics maker’s stock.

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

Orion Energy Systems Stock Performance

Shares of OESX stock opened at $0.97 on Monday. The stock has a market cap of $31.84 million, a P/E ratio of -3.89 and a beta of 1.39. The company has a fifty day moving average price of $0.90 and a two-hundred day moving average price of $0.97. Orion Energy Systems has a one year low of $0.81 and a one year high of $1.53. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.49 and a quick ratio of 1.06.

Orion Energy Systems (NASDAQ:OESX) last released its quarterly earnings results on Wednesday, November 6th. The electronics maker reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.02). Orion Energy Systems had a negative return on equity of 48.81% and a negative net margin of 8.76%. The business had revenue of $19.36 million for the quarter, compared to the consensus estimate of $19.40 million. During the same period in the prior year, the business posted ($0.14) earnings per share. As a group, equities analysts predict that Orion Energy Systems will post -0.3 EPS for the current year.

Institutional Investors Weigh In On Orion Energy Systems

Several hedge funds have recently added to or reduced their stakes in the business. Tieton Capital Management LLC raised its holdings in 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 purchasing an additional 53,789 shares during the last quarter. North Star Investment Management Corp. increased its stake in Orion Energy Systems by 1.2% during the 3rd quarter. North Star Investment Management Corp. now owns 3,933,002 shares of the electronics maker’s stock valued at $3,370,000 after purchasing an additional 47,300 shares in the last quarter. Finally, Grace & White Inc. NY increased 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 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, 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).