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

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

Orion Energy Systems Trading Up 0.5 %

OESX opened at $0.79 on Thursday. The company has a quick ratio of 0.93, a current ratio of 1.49 and a debt-to-equity ratio of 0.77. Orion Energy Systems has a 52 week low of $0.68 and a 52 week high of $1.53. The business’s 50 day moving average is $0.82 and its two-hundred day moving average is $0.89.

Orion Energy Systems (NASDAQ:OESX) last announced its earnings results on Wednesday, November 6th. The electronics maker reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.02). Orion Energy Systems had a negative return on equity of 48.81% and a negative net margin of 8.76%. The business had revenue of $19.36 million for the quarter, compared to analysts’ expectations of $19.40 million. During the same quarter last year, the business posted ($0.14) earnings per share. Analysts predict that Orion Energy Systems will post -0.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Orion Energy Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in OESX. Geode Capital Management LLC raised its stake in 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 valued at $268,000 after acquiring an additional 25,816 shares during the last quarter. Grace & White Inc. NY raised its stake 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 worth $2,310,000 after purchasing an additional 33,451 shares during the last quarter. Finally, North Star Investment Management Corp. lifted its holdings in shares of Orion Energy Systems by 1.2% during 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 purchasing an additional 47,300 shares during the period. Hedge funds and other 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).