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

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

Orion Energy Systems Stock Performance

NASDAQ OESX opened at $0.78 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.49 and a quick ratio of 0.93. Orion Energy Systems has a 1-year low of $0.68 and a 1-year high of $1.53. The business has a 50 day simple moving average of $0.88 and a two-hundred day simple moving average of $0.94. The stock has a market capitalization of $25.67 million, a PE ratio of -3.12 and a beta of 1.33.

Orion Energy Systems (NASDAQ:OESX) last posted its 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). Orion Energy Systems had a negative net margin of 8.76% and a negative return on equity of 48.81%. The firm had revenue of $19.36 million for the quarter, compared to the consensus estimate of $19.40 million. During the same quarter in the prior year, the company posted ($0.14) earnings per share. On average, research analysts predict that Orion Energy Systems will post -0.3 EPS for the current fiscal year.

Institutional Trading of Orion Energy Systems

Hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC increased its position in shares of 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 purchasing an additional 25,816 shares during the last quarter. North Star Investment Management Corp. boosted its stake in 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 buying an additional 47,300 shares during the period. Grace & White Inc. NY increased its position in Orion Energy Systems by 1.3% during 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 acquiring an additional 33,451 shares during the last quarter. Finally, 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 valued at $2,427,000 after acquiring an additional 53,789 shares during the period. 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).