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

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

Orion Energy Systems Price Performance

Shares of OESX stock opened at $0.78 on Friday. The firm has a market capitalization of $25.67 million, a price-to-earnings ratio of -3.12 and a beta of 1.33. Orion Energy Systems has a 12-month low of $0.68 and a 12-month high of $1.53. The company has a quick ratio of 0.93, a current ratio of 1.49 and a debt-to-equity ratio of 0.77. The firm has a fifty day moving average of $0.88 and a 200-day moving average of $0.94.

Orion Energy Systems (NASDAQ:OESX) last released its quarterly earnings data on Wednesday, November 6th. The electronics maker reported ($0.11) earnings per share for the quarter, missing the consensus estimate 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 earned ($0.14) EPS. On average, equities research analysts forecast that Orion Energy Systems will post -0.3 earnings per share for the current year.

Institutional Investors Weigh In On Orion Energy Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OESX. Geode Capital Management LLC grew its holdings 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 purchasing an additional 25,816 shares during the period. Grace & White Inc. NY increased its position 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 acquiring an additional 33,451 shares during the period. Tieton Capital Management LLC grew its position in shares of 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 in the last quarter. Finally, North Star Investment Management Corp. grew its position in shares of Orion Energy Systems by 1.2% during 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 purchasing an additional 47,300 shares in the last quarter. 52.59% of the stock is currently owned by institutional investors and hedge funds.

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).