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 note issued to investors on Monday. The brokerage issued a hold rating on the electronics maker’s stock.

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

Orion Energy Systems Price Performance

Shares of NASDAQ OESX opened at $0.89 on Monday. The firm has a 50-day simple moving average of $0.90 and a 200-day simple moving average of $0.97. 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 stock has a market capitalization of $29.29 million, a price-to-earnings ratio of -3.56 and a beta of 1.39. Orion Energy Systems has a 52 week low of $0.81 and a 52 week high of $1.53.

Orion Energy Systems (NASDAQ:OESX) last released its quarterly earnings data on Wednesday, November 6th. The electronics maker reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.02). The business had revenue of $19.36 million during 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 previous year, the company posted ($0.14) EPS. On average, equities analysts predict that Orion Energy Systems will post -0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in OESX. Grace & White Inc. NY lifted its stake in shares of 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 valued at $2,310,000 after purchasing an additional 33,451 shares during the last quarter. Tieton Capital Management LLC increased its position 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 purchasing an additional 53,789 shares during the last quarter. Finally, North Star Investment Management Corp. lifted 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 buying an additional 47,300 shares during the last quarter. 52.59% of the stock is currently owned by hedge funds and other institutional investors.

Orion Energy Systems Company Profile

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).