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

StockNews.com started coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a report released on Sunday morning. The brokerage 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 Wednesday, February 12th.

Orion Energy Systems Price Performance

Shares of NASDAQ:OESX opened at $0.87 on Friday. The company’s fifty day moving average is $0.82 and its two-hundred day moving average is $0.86. The company has a market cap of $28.68 million, a P/E ratio of -3.78 and a beta of 1.36. Orion Energy Systems has a 12-month low of $0.68 and a 12-month high of $1.53. The company has a quick ratio of 0.89, a current ratio of 1.40 and a debt-to-equity ratio of 0.73.

Orion Energy Systems (NASDAQ:OESX) last posted its quarterly earnings results on Tuesday, February 11th. The electronics maker reported ($0.05) earnings per share for the quarter, beating the consensus estimate 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%. Equities analysts expect that Orion Energy Systems will post -0.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Orion Energy Systems

A number of hedge funds have recently modified their holdings of OESX. Mariner LLC purchased a new position in Orion Energy Systems in the fourth quarter valued at about $35,000. Geode Capital Management LLC raised its stake in shares of Orion Energy Systems by 9.0% during the 3rd 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 in the last quarter. Tieton Capital Management LLC lifted its holdings in shares of 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 during the last quarter. Grace & White Inc. NY grew its stake in shares of 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 in the last quarter. Finally, North Star Investment Management Corp. increased its holdings in Orion Energy Systems by 1.2% in the third quarter. North Star Investment Management Corp. now owns 3,933,002 shares of the electronics maker’s stock worth $3,370,000 after buying an additional 47,300 shares during the last quarter. 52.59% of the stock is owned by institutional investors and hedge funds.

About Orion Energy Systems

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).