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 report released on Wednesday. The firm issued a hold rating on the electronics maker’s stock.

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

Orion Energy Systems Trading Down 0.0 %

NASDAQ:OESX opened at $0.73 on Wednesday. The firm has a fifty day simple moving average of $0.82 and a two-hundred day simple moving average of $0.85. Orion Energy Systems has a 12 month low of $0.68 and a 12 month high of $1.53. The stock has a market capitalization of $24.05 million, a price-to-earnings ratio of -3.17 and a beta of 1.39. The company has a current ratio of 1.40, a quick ratio of 0.89 and a debt-to-equity ratio of 0.73.

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

Hedge Funds Weigh In On Orion Energy Systems

A number of hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its stake in shares of 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 worth $268,000 after purchasing an additional 25,816 shares during the last quarter. Mariner LLC purchased a new stake in Orion Energy Systems in the 4th quarter valued at $35,000. Grace & White Inc. NY raised its position in 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 buying an additional 50,138 shares during the last quarter. Finally, Tieton Capital Management LLC lifted its stake in Orion Energy Systems by 25.6% during 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 acquiring an additional 541,773 shares in the last quarter. 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).