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

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

Separately, HC Wainwright reaffirmed a “buy” rating and set a $3.00 price target on shares of Orion Energy Systems in a research report on Wednesday, February 12th.

Orion Energy Systems Price Performance

Shares of OESX opened at $0.83 on Monday. Orion Energy Systems has a fifty-two week low of $0.68 and a fifty-two week high of $1.53. The firm has a market capitalization of $27.36 million, a PE ratio of -3.61 and a beta of 1.36. The company’s 50-day moving average is $0.83 and its 200-day moving average is $0.86. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.40 and a quick ratio of 0.89.

Orion Energy Systems (NASDAQ:OESX) last released its quarterly earnings results on Tuesday, February 11th. The electronics maker reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. Orion Energy Systems had a negative net margin of 8.54% and a negative return on equity of 48.85%. Equities analysts forecast that Orion Energy Systems will post -0.32 EPS for the current year.

Hedge Funds Weigh In On Orion Energy Systems

Hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in 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 buying an additional 25,816 shares during the period. North Star Investment Management Corp. boosted its stake 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 valued at $3,370,000 after purchasing an additional 47,300 shares in the last quarter. Grace & White Inc. NY boosted its stake in shares of Orion Energy Systems by 1.9% in the 4th quarter. Grace & White Inc. NY now owns 2,745,544 shares of the electronics maker’s stock valued at $2,197,000 after purchasing an additional 50,138 shares in the last quarter. Mariner LLC acquired a new stake in shares of Orion Energy Systems in the 4th quarter valued at approximately $35,000. Finally, Tieton Capital Management LLC boosted its stake in shares of Orion Energy Systems by 25.6% in the 4th quarter. Tieton Capital Management LLC now owns 2,661,853 shares of the electronics maker’s stock valued at $2,130,000 after purchasing an additional 541,773 shares in the last quarter. 52.59% of the stock is 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).