Orion Energy Systems (NASDAQ:OESX) Receives New Coverage from Analysts at StockNews.com

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

Separately, HC Wainwright reissued a buy rating and set a $3.00 price target on shares of Orion Energy Systems in a report on Thursday, August 8th.

Orion Energy Systems Price Performance

Shares of NASDAQ OESX opened at $0.85 on Friday. Orion Energy Systems has a 1-year low of $0.81 and a 1-year high of $1.53. 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 $27.91 million, a P/E ratio of -2.30 and a beta of 1.47. The business’s 50 day moving average is $1.00 and its 200-day moving average is $0.97.

Orion Energy Systems (NASDAQ:OESX) last issued its quarterly earnings results on Wednesday, August 7th. The electronics maker reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. The company had revenue of $19.91 million for the quarter, compared to analysts’ expectations of $19.16 million. Orion Energy Systems had a negative return on equity of 48.47% and a negative net margin of 9.47%. During the same quarter last year, the business earned ($0.18) earnings per share. Equities research analysts predict that Orion Energy Systems will post -0.24 earnings per share for the current year.

Institutional Investors Weigh In On Orion Energy Systems

Institutional investors have recently made changes to their positions in the stock. US Bancorp DE boosted its position in shares of Orion Energy Systems by 111.5% during the 4th quarter. US Bancorp DE now owns 952,274 shares of the electronics maker’s stock valued at $825,000 after purchasing an additional 502,023 shares in the last quarter. Grace & White Inc. NY raised its stake in shares of Orion Energy Systems by 0.7% in the first quarter. Grace & White Inc. NY now owns 2,648,944 shares of the electronics maker’s stock worth $2,305,000 after purchasing an additional 18,115 shares during the last quarter. Tieton Capital Management LLC grew its holdings in shares of 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 in the last quarter. Finally, North Star Investment Management Corp. grew its holdings in shares of 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 in the last quarter. Institutional investors 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.