Orion Energy Systems (NASDAQ:OESX) Now Covered by StockNews.com

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

Orion Energy Systems Stock Performance

OESX opened at $0.84 on Friday. The firm’s 50-day moving average price is $0.89 and its 200-day moving average price is $0.95. The company has a market cap of $27.64 million, a P/E ratio of -3.36 and a beta of 1.33. The company has a quick ratio of 0.93, a current ratio of 1.49 and a debt-to-equity ratio of 0.77. 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 posted its quarterly 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 analysts’ expectations 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 period in the prior year, the business posted ($0.14) earnings per share. As a group, equities analysts anticipate that Orion Energy Systems will post -0.3 EPS for the current fiscal year.

Institutional Trading of Orion Energy Systems

Institutional investors have recently modified their holdings of the stock. Tieton Capital Management LLC increased its holdings 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 purchasing an additional 53,789 shares during the last quarter. Grace & White Inc. NY raised its holdings in Orion Energy Systems by 1.3% in 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 buying an additional 33,451 shares during the period. North Star Investment Management Corp. lifted its holdings in shares of Orion Energy Systems by 1.2% in the 3rd quarter. North Star Investment Management Corp. now owns 3,933,002 shares of the electronics maker’s stock worth $3,370,000 after acquiring an additional 47,300 shares during the last quarter. Finally, Geode Capital Management LLC raised its position 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 purchasing an additional 25,816 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).