Orion Energy Systems (NASDAQ:OESX) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a research report released on Tuesday. The brokerage issued a hold rating on the electronics maker’s stock.

Orion Energy Systems Stock Up 0.1 %

Shares of OESX opened at $0.84 on Tuesday. The company has a 50-day simple moving average of $0.84 and a 200-day simple moving average of $0.90. The firm has a market capitalization of $27.58 million, a P/E ratio of -3.35 and a beta of 1.32. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.93 and a current ratio of 1.49. Orion Energy Systems has a 52 week low of $0.68 and a 52 week high of $1.53.

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

Institutional Trading of Orion Energy Systems

Several large investors have recently added to or reduced their stakes in OESX. Geode Capital Management LLC grew its stake in Orion Energy Systems by 9.0% during the third quarter. Geode Capital Management LLC now owns 312,127 shares of the electronics maker’s stock worth $268,000 after buying an additional 25,816 shares during the last quarter. Grace & White Inc. NY grew its stake 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 worth $2,310,000 after buying an additional 33,451 shares during the last quarter. Tieton Capital Management LLC grew 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. Finally, North Star Investment Management Corp. grew 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 last quarter. 52.59% of the stock is owned by 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).