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

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

Orion Energy Systems Stock Down 0.7 %

Shares of NASDAQ OESX opened at $0.84 on Monday. Orion Energy Systems has a 1 year low of $0.68 and a 1 year high of $1.53. The firm has a 50-day simple moving average of $0.86 and a two-hundred day simple moving average of $0.93. The company has a market cap of $27.61 million, a P/E ratio of -3.36 and a beta of 1.32. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.49 and a quick ratio of 0.93.

Orion Energy Systems (NASDAQ:OESX) last issued 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). Orion Energy Systems had a negative return on equity of 48.81% and a negative net margin of 8.76%. The business had revenue of $19.36 million for the quarter, compared to the consensus estimate of $19.40 million. During the same period in the prior year, the business posted ($0.14) earnings per share. Research analysts anticipate that Orion Energy Systems will post -0.3 earnings per share for the current year.

Institutional Inflows and Outflows

A number of 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% during the 3rd quarter. Geode Capital Management LLC now owns 312,127 shares of the electronics maker’s stock valued at $268,000 after buying an additional 25,816 shares in the last quarter. Grace & White Inc. NY increased its position in shares of 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 boosted 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 period. Finally, 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. 52.59% of the stock is currently owned by institutional investors.

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).