Orion Energy Systems (NASDAQ:OESX) Earns Hold Rating from Analysts at StockNews.com

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

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

Orion Energy Systems Stock Performance

Orion Energy Systems stock opened at $0.84 on Wednesday. The firm has a 50-day moving average of $0.90 and a 200-day moving average of $0.97. Orion Energy Systems has a 1-year low of $0.81 and a 1-year high of $1.53. The firm has a market cap of $27.64 million, a P/E ratio of -3.36 and a beta of 1.39. The company has a current ratio of 1.49, a quick ratio of 0.93 and a debt-to-equity ratio of 0.77.

Orion Energy Systems (NASDAQ:OESX) last announced 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 business had revenue of $19.36 million for the quarter, compared to the consensus estimate of $19.40 million. During the same quarter last year, the firm posted ($0.14) EPS. Sell-side analysts expect that Orion Energy Systems will post -0.3 EPS for the current year.

Hedge Funds Weigh In On Orion Energy Systems

Several institutional investors have recently added to or reduced their stakes in OESX. Grace & White Inc. NY increased its position in shares of Orion Energy Systems by 0.5% during the second quarter. Grace & White Inc. NY now owns 2,661,955 shares of the electronics maker’s stock worth $2,955,000 after acquiring an additional 13,011 shares during the period. Tieton Capital Management LLC grew its position in Orion Energy Systems by 2.5% during the 2nd 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 period. North Star Investment Management Corp. increased its holdings in Orion Energy Systems by 1.2% in the third quarter. North Star Investment Management Corp. now owns 3,933,002 shares of the electronics maker’s stock valued at $3,370,000 after buying an additional 47,300 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings 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 in the last quarter. 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).