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

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

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

Orion Energy Systems Price Performance

OESX stock opened at $0.82 on Wednesday. The company’s 50-day moving average price is $0.90 and its two-hundred day moving average price is $0.97. Orion Energy Systems has a 12 month low of $0.81 and a 12 month high of $1.53. The company has a quick ratio of 0.93, a current ratio of 1.49 and a debt-to-equity ratio of 0.77. The firm has a market cap of $27.02 million, a P/E ratio of -3.28 and a beta of 1.39.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings data on Wednesday, November 6th. The electronics maker reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.02). The firm had revenue of $19.36 million for the quarter, compared to analyst estimates of $19.40 million. Orion Energy Systems had a negative net margin of 8.76% and a negative return on equity of 48.81%. During the same quarter in the prior year, the firm earned ($0.14) earnings per share. On average, analysts anticipate that Orion Energy Systems will post -0.3 earnings per share for the current fiscal year.

Institutional Trading of Orion Energy Systems

A number of hedge funds and other institutional investors have recently modified their holdings of OESX. Geode Capital Management LLC lifted its stake in shares of Orion Energy Systems by 9.0% in the 3rd quarter. Geode Capital Management LLC now owns 312,127 shares of the electronics maker’s stock valued at $268,000 after acquiring an additional 25,816 shares during the last quarter. Grace & White Inc. NY increased its holdings in Orion Energy Systems by 1.3% in the 3rd quarter. Grace & White Inc. NY now owns 2,695,406 shares of the electronics maker’s stock worth $2,310,000 after purchasing an additional 33,451 shares in the last quarter. Tieton Capital Management LLC raised its position in Orion Energy Systems by 2.5% in the second quarter. Tieton Capital Management LLC now owns 2,186,931 shares of the electronics maker’s stock valued at $2,427,000 after purchasing an additional 53,789 shares during the last quarter. Finally, North Star Investment Management Corp. raised its position in Orion Energy Systems by 1.2% in the third 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 during 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).