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

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

Separately, HC Wainwright reiterated a “buy” rating and set a $3.00 price objective on shares of Orion Energy Systems in a research report on Wednesday, February 12th.

Orion Energy Systems Price Performance

NASDAQ:OESX opened at $0.76 on Thursday. The stock has a 50 day moving average of $0.81 and a two-hundred day moving average of $0.85. Orion Energy Systems has a 12 month low of $0.68 and a 12 month high of $1.53. The firm has a market cap of $24.91 million, a P/E ratio of -3.29 and a beta of 1.39. The company has a current ratio of 1.40, a quick ratio of 0.89 and a debt-to-equity ratio of 0.73.

Orion Energy Systems (NASDAQ:OESX) last posted its quarterly earnings results on Tuesday, February 11th. The electronics maker reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. Orion Energy Systems had a negative net margin of 8.54% and a negative return on equity of 48.85%. On average, analysts expect that Orion Energy Systems will post -0.32 earnings per share for the current fiscal year.

Institutional Trading of Orion Energy Systems

Several hedge funds have recently made changes to their positions in OESX. Geode Capital Management LLC lifted its holdings in Orion Energy Systems by 9.0% in the third 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 last quarter. Tieton Capital Management LLC raised its position in Orion Energy Systems by 25.6% in the fourth quarter. Tieton Capital Management LLC now owns 2,661,853 shares of the electronics maker’s stock valued at $2,130,000 after purchasing an additional 541,773 shares during the period. Grace & White Inc. NY lifted its stake in shares of Orion Energy Systems by 1.9% in the 4th quarter. Grace & White Inc. NY now owns 2,745,544 shares of the electronics maker’s stock valued at $2,197,000 after purchasing an additional 50,138 shares during the last quarter. Finally, Mariner LLC purchased a new position in shares of Orion Energy Systems during the 4th quarter worth $35,000. Hedge funds and other institutional investors own 52.59% of the company’s stock.

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).