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

StockNews.com initiated coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a research note issued to investors on Wednesday. The firm set a “hold” rating on the electronics maker’s stock.

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

Orion Energy Systems Stock Performance

Shares of Orion Energy Systems stock opened at $0.75 on Wednesday. The company has a 50 day moving average of $0.82 and a 200-day moving average of $0.85. Orion Energy Systems has a 1-year low of $0.68 and a 1-year high of $1.53. The company has a current ratio of 1.40, a quick ratio of 0.89 and a debt-to-equity ratio of 0.73. The company has a market cap of $24.84 million, a PE ratio of -3.28 and a beta of 1.39.

Orion Energy Systems (NASDAQ:OESX) last released its quarterly earnings data on Tuesday, February 11th. The electronics maker reported ($0.05) earnings per share (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%. As a group, equities research analysts forecast that Orion Energy Systems will post -0.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Orion Energy Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mariner LLC acquired a new position in Orion Energy Systems in the 4th quarter valued at approximately $35,000. Geode Capital Management LLC increased its position 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 acquiring an additional 25,816 shares during the period. Tieton Capital Management LLC increased its position in 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 acquiring an additional 541,773 shares during the period. Finally, Grace & White Inc. NY increased 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 acquiring an additional 50,138 shares during the period. 52.59% of the stock is currently owned by institutional investors and hedge funds.

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).