Orion Energy Systems (NASDAQ:OESX) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a research report sent to investors on Monday morning. The firm issued 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 Price Performance

Shares of NASDAQ:OESX opened at $0.78 on Monday. The firm has a 50 day moving average of $0.76 and a 200-day moving average of $0.82. The stock has a market capitalization of $25.70 million, a PE ratio of -3.39 and a beta of 1.42. The company has a current ratio of 1.40, a quick ratio of 0.89 and a debt-to-equity ratio of 0.73. Orion Energy Systems has a 12 month low of $0.65 and a 12 month high of $1.53.

Orion Energy Systems (NASDAQ:OESX) last issued its earnings results on Tuesday, February 11th. The electronics maker reported ($0.05) EPS for the quarter, beating the consensus estimate 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%. On average, equities research analysts predict that Orion Energy Systems will post -0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Orion Energy Systems

A number of institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its holdings 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 worth $268,000 after buying an additional 25,816 shares during the period. Grace & White Inc. NY raised its position in shares of Orion Energy Systems by 1.4% in the 1st quarter. Grace & White Inc. NY now owns 2,784,586 shares of the electronics maker’s stock worth $2,008,000 after acquiring an additional 39,042 shares in the last quarter. Mariner LLC bought a new position in shares of Orion Energy Systems in the 4th quarter worth about $35,000. Finally, Tieton Capital Management LLC raised its position in shares of 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 worth $2,130,000 after acquiring an additional 541,773 shares in the last quarter. 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).