Orion Energy Systems (NASDAQ:OESX) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a research report sent to investors on Saturday. The firm issued a hold rating on the electronics maker’s stock.

Separately, HC Wainwright reissued a “buy” rating and issued a $3.00 price target on shares of Orion Energy Systems in a research report on Thursday, August 8th.

Orion Energy Systems Stock Performance

NASDAQ OESX opened at $0.98 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.70 and a debt-to-equity ratio of 0.70. The business has a 50 day moving average price of $0.88 and a 200-day moving average price of $0.96. The company has a market cap of $32.17 million, a price-to-earnings ratio of -3.51 and a beta of 1.42. Orion Energy Systems has a 52 week low of $0.81 and a 52 week high of $1.53.

Orion Energy Systems (NASDAQ:OESX) last posted its earnings results on Wednesday, August 7th. The electronics maker reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.01. Orion Energy Systems had a negative net margin of 9.47% and a negative return on equity of 48.47%. The firm had revenue of $19.91 million for the quarter, compared to analysts’ expectations of $19.16 million. During the same quarter last year, the firm earned ($0.18) EPS. As a group, equities analysts expect that Orion Energy Systems will post -0.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. 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 valued at $2,310,000 after buying an additional 33,451 shares during the period. Tieton Capital Management LLC increased 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 worth $2,427,000 after purchasing an additional 53,789 shares during the period. Finally, North Star Investment Management Corp. raised its holdings in shares of Orion Energy Systems by 1.4% in the 1st quarter. North Star Investment Management Corp. now owns 3,868,702 shares of the electronics maker’s stock valued at $3,367,000 after acquiring an additional 55,000 shares in the last quarter. Institutional investors 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).