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

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

Orion Energy Systems Trading Up 0.9 %

Shares of OESX stock opened at $0.84 on Friday. The company has a current ratio of 1.49, a quick ratio of 0.93 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $27.55 million, a P/E ratio of -3.35 and a beta of 1.33. Orion Energy Systems has a twelve month low of $0.68 and a twelve month high of $1.53. The business’s 50 day moving average is $0.89 and its two-hundred day moving average is $0.96.

Orion Energy Systems (NASDAQ:OESX) last announced its earnings results on Wednesday, November 6th. The electronics maker reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.02). The business had revenue of $19.36 million for the quarter, compared to analyst estimates of $19.40 million. Orion Energy Systems had a negative return on equity of 48.81% and a negative net margin of 8.76%. During the same quarter in the previous year, the firm posted ($0.14) EPS. Equities analysts forecast that Orion Energy Systems will post -0.3 EPS for the current year.

Hedge Funds Weigh In On Orion Energy Systems

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC raised its stake in shares of 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 valued at $268,000 after acquiring an additional 25,816 shares during the period. North Star Investment Management Corp. grew its stake 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 worth $3,370,000 after purchasing an additional 47,300 shares in the last quarter. Grace & White Inc. NY raised its position in shares of Orion Energy Systems by 1.3% during the 3rd 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 in the last quarter. Finally, Tieton Capital Management LLC boosted its holdings in shares of 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 buying an additional 53,789 shares during the period. Institutional investors and hedge funds 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).