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

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

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

Orion Energy Systems Stock Performance

Shares of OESX opened at $0.92 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.06 and a debt-to-equity ratio of 0.70. The firm has a market cap of $30.13 million, a PE ratio of -2.49 and a beta of 1.42. The company’s 50 day simple moving average is $0.87 and its 200-day simple moving average is $0.96. Orion Energy Systems has a 12-month low of $0.81 and a 12-month high of $1.53.

Orion Energy Systems (NASDAQ:OESX) last announced its earnings results on Wednesday, August 7th. The electronics maker reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $19.91 million for the quarter, compared to analyst estimates of $19.16 million. During the same period last year, the firm posted ($0.18) earnings per share. As a group, equities analysts predict that Orion Energy Systems will post -0.24 EPS for the current year.

Institutional Investors Weigh In On Orion Energy Systems

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tieton Capital Management LLC lifted its holdings in 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 valued at $2,427,000 after acquiring an additional 53,789 shares during the period. Grace & White Inc. NY lifted its holdings in Orion Energy Systems by 0.5% in the second quarter. Grace & White Inc. NY now owns 2,661,955 shares of the electronics maker’s stock valued at $2,955,000 after acquiring an additional 13,011 shares during the period. Finally, North Star Investment Management Corp. lifted its holdings in Orion Energy Systems by 1.4% in the first 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 during the period. Institutional investors and hedge funds own 52.59% of the company’s stock.

Orion Energy Systems Company Profile

Orion Energy Systems, Inc researches, designs, develops, manufactures, markets, sells, installs, and implements energy management systems for commercial office and retail, exterior area lighting, and industrial applications in North America. The company operates through three segments: Orion Services Group, Orion Distribution Services, and Orion U.S.