Orion Energy Systems (NASDAQ:OESX) Receives New Coverage from Analysts at StockNews.com

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

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

Orion Energy Systems Stock Performance

Shares of Orion Energy Systems stock opened at $0.87 on Monday. Orion Energy Systems has a fifty-two week low of $0.81 and a fifty-two week 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. The firm has a market capitalization of $28.45 million, a P/E ratio of -2.35 and a beta of 1.43. The company’s 50 day moving average price is $0.96 and its two-hundred day moving average price is $0.96.

Orion Energy Systems (NASDAQ:OESX) last issued its earnings results 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. Orion Energy Systems had a negative net margin of 9.47% and a negative return on equity of 48.47%. The firm had revenue of $19.91 million for the quarter, compared to analyst estimates of $19.16 million. During the same quarter last year, the business posted ($0.18) earnings per share. On average, equities analysts forecast that Orion Energy Systems will post -0.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Orion Energy Systems

Several large investors have recently modified their holdings of OESX. Tieton Capital Management LLC raised its stake in Orion Energy Systems by 2.5% during the second 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 last quarter. Grace & White Inc. NY grew its holdings in shares of Orion Energy Systems by 0.5% during 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 during the last quarter. North Star Investment Management Corp. grew its holdings in shares of Orion Energy Systems by 1.4% during the first quarter. North Star Investment Management Corp. now owns 3,868,702 shares of the electronics maker’s stock valued at $3,367,000 after buying an additional 55,000 shares during the last quarter. Finally, US Bancorp DE grew its holdings in shares of Orion Energy Systems by 111.5% during the fourth 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 during the last quarter. Institutional investors own 52.59% of the company’s stock.

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.