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 note issued to investors on Tuesday 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 target price on shares of Orion Energy Systems in a report on Wednesday, February 12th.

Orion Energy Systems Price Performance

Shares of OESX opened at $0.71 on Tuesday. The firm has a fifty day simple moving average of $0.74 and a two-hundred day simple moving average of $0.81. The firm has a market cap of $23.40 million, a PE ratio of -3.09 and a beta of 1.27. 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 1-year low of $0.65 and a 1-year high of $1.53.

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

Institutional Investors Weigh In On Orion Energy Systems

A number of institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its position in shares of Orion Energy Systems by 9.0% in the third 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 in the last quarter. Tieton Capital Management LLC lifted its position in shares of Orion Energy Systems by 25.6% in the fourth quarter. Tieton Capital Management LLC now owns 2,661,853 shares of the electronics maker’s stock worth $2,130,000 after buying an additional 541,773 shares in the last quarter. Grace & White Inc. NY boosted its position in shares of Orion Energy Systems by 1.9% during 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 last quarter. US Bancorp DE raised its stake in Orion Energy Systems by 5.1% during the first quarter. US Bancorp DE now owns 799,508 shares of the electronics maker’s stock valued at $577,000 after purchasing an additional 39,042 shares in the last quarter. Finally, Mariner LLC bought a new position in Orion Energy Systems during the fourth quarter valued at $35,000. 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).