Orion Energy Systems (NASDAQ:OESX) Coverage Initiated by Analysts at StockNews.com

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

Orion Energy Systems Stock Down 1.8 %

OESX stock opened at $0.79 on Thursday. Orion Energy Systems has a twelve month low of $0.68 and a twelve 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 business has a 50 day moving average price of $0.82 and a two-hundred day moving average price of $0.89. The company has a market cap of $25.90 million, a price-to-earnings ratio of -3.15 and a beta of 1.32.

Orion Energy Systems (NASDAQ:OESXGet Free Report) last posted its quarterly 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 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 quarter in the previous year, the business posted ($0.14) EPS. Analysts anticipate that Orion Energy Systems will post -0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Orion Energy Systems

Several institutional investors and hedge funds have recently made changes to their positions in OESX. Geode Capital Management LLC lifted its holdings in shares of 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 buying an additional 25,816 shares in the last quarter. Grace & White Inc. NY increased its holdings 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 purchasing an additional 33,451 shares during the period. Finally, North Star Investment Management Corp. boosted its stake in shares of 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 during the period. Institutional investors and hedge funds own 52.59% of the company’s stock.

Orion Energy Systems Company Profile

(Get Free Report)

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).

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