StockNews.com Begins Coverage on Orion Energy Systems (NASDAQ:OESX)

Equities researchers at StockNews.com started coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a report issued on Friday. The brokerage set a “hold” rating on the electronics maker’s stock.

Orion Energy Systems Stock Up 0.9 %

OESX stock opened at $0.84 on Friday. The firm has a market cap of $27.55 million, a PE ratio of -3.35 and a beta of 1.33. Orion Energy Systems has a one year low of $0.68 and a one year high of $1.53. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.93 and a current ratio of 1.49. The firm’s 50 day moving average price is $0.89 and its 200-day moving average price is $0.96.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings results 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 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 period last year, the company earned ($0.14) EPS. On average, equities research analysts anticipate that Orion Energy Systems will post -0.3 EPS for the current year.

Hedge Funds Weigh In On Orion Energy Systems

Several large investors have recently made changes to their positions in OESX. Grace & White Inc. NY grew its stake in shares of Orion Energy Systems by 0.5% in 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 in the last quarter. Geode Capital Management LLC boosted its holdings in Orion Energy Systems by 9.0% during 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 period. North Star Investment Management Corp. grew its position in Orion Energy Systems by 1.2% in 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 acquiring an additional 47,300 shares in the last quarter. Finally, Tieton Capital Management LLC grew its position in Orion Energy Systems by 2.5% in the 2nd quarter. Tieton Capital Management LLC now owns 2,186,931 shares of the electronics maker’s stock valued at $2,427,000 after acquiring an additional 53,789 shares in the last quarter. 52.59% of the stock is currently owned by institutional investors and hedge funds.

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).