Orion Energy Systems (NASDAQ:OESX) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a report published on Friday. The brokerage issued a hold rating on the electronics maker’s stock.

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

Orion Energy Systems Price Performance

OESX opened at $0.71 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.89 and a current ratio of 1.40. The stock has a market capitalization of $23.26 million, a PE ratio of -3.07 and a beta of 1.39. The stock’s 50 day moving average price is $0.80 and its 200-day moving average price is $0.84. Orion Energy Systems has a 52-week low of $0.68 and a 52-week high of $1.53.

Orion Energy Systems (NASDAQ:OESX) last issued its quarterly earnings data on Tuesday, February 11th. The electronics maker reported ($0.05) earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts predict that Orion Energy Systems will post -0.32 EPS for the current year.

Institutional Trading of Orion Energy Systems

Hedge funds and other institutional investors have recently modified their holdings of the business. Mariner LLC purchased a new stake in Orion Energy Systems in the fourth quarter worth about $35,000. Geode Capital Management LLC grew its stake in shares of 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 worth $268,000 after buying an additional 25,816 shares during the last quarter. Tieton Capital Management LLC increased its position 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 buying an additional 541,773 shares in the last quarter. Finally, Grace & White Inc. NY raised its stake in Orion Energy Systems by 1.9% during the fourth 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. 52.59% of the stock is owned by hedge funds and other 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).