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

Research analysts at StockNews.com began coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a research report issued on Thursday. The brokerage set a “hold” rating on the electronics maker’s stock.

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

Orion Energy Systems Price Performance

Shares of NASDAQ OESX opened at $0.86 on Thursday. 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 $28.30 million, a P/E ratio of -3.44 and a beta of 1.34. The company has a 50 day moving average of $0.90 and a 200 day moving average of $0.96. Orion Energy Systems has a twelve month low of $0.81 and a twelve month high of $1.53.

Orion Energy Systems (NASDAQ:OESX) last issued 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). The company had revenue of $19.36 million during the quarter, compared to analysts’ expectations of $19.40 million. Orion Energy Systems had a negative return on equity of 48.81% and a negative net margin of 8.76%. During the same quarter in the previous year, the company earned ($0.14) EPS. As a group, research analysts expect that Orion Energy Systems will post -0.3 EPS for the current fiscal year.

Institutional Trading of Orion Energy Systems

Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its stake in 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 worth $268,000 after acquiring an additional 25,816 shares during the last quarter. Grace & White Inc. NY increased its holdings in shares of Orion Energy Systems by 1.3% in the third 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 period. Tieton Capital Management LLC raised its stake in shares of 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 worth $2,427,000 after purchasing an additional 53,789 shares during the last quarter. Finally, North Star Investment Management Corp. lifted its holdings in shares of Orion Energy Systems by 1.2% during the third quarter. North Star Investment Management Corp. now owns 3,933,002 shares of the electronics maker’s stock worth $3,370,000 after purchasing an additional 47,300 shares during the period. Hedge funds and other 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).