Orion Energy Systems (NASDAQ:OESX) Coverage Initiated at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a research report issued on Saturday. The brokerage set a “hold” rating on the electronics maker’s stock.

Separately, HC Wainwright restated a “buy” rating and issued a $3.00 target price on shares of Orion Energy Systems in a research note on Thursday, August 8th.

Orion Energy Systems Price Performance

Shares of OESX stock opened at $0.87 on Friday. The firm has a fifty day simple moving average of $1.01 and a 200-day simple moving average of $0.97. The company has a market capitalization of $28.48 million, a PE ratio of -2.35 and a beta of 1.47. Orion Energy Systems has a twelve month low of $0.81 and a twelve month high of $1.57. The company has a current ratio of 1.70, a quick ratio of 1.06 and a debt-to-equity ratio of 0.70.

Orion Energy Systems (NASDAQ:OESX) last issued its quarterly earnings data 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 firm had revenue of $19.91 million for the quarter, compared to analyst estimates of $19.16 million. Orion Energy Systems had a negative net margin of 9.47% and a negative return on equity of 48.47%. During the same quarter in the previous year, the business posted ($0.18) EPS. Equities research analysts anticipate that Orion Energy Systems will post -0.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Orion Energy Systems

A number of hedge funds have recently added to or reduced their stakes in OESX. US Bancorp DE lifted its stake in Orion Energy Systems by 111.5% in the fourth quarter. US Bancorp DE now owns 952,274 shares of the electronics maker’s stock valued at $825,000 after buying an additional 502,023 shares during the last quarter. Tieton Capital Management LLC increased its stake in Orion Energy Systems by 2.5% during the 2nd quarter. Tieton Capital Management LLC now owns 2,186,931 shares of the electronics maker’s stock valued at $2,427,000 after buying an additional 53,789 shares during the period. Grace & White Inc. NY raised its holdings in Orion Energy Systems by 0.7% during 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 in the last quarter. Finally, North Star Investment Management Corp. raised its stake in shares of Orion Energy Systems by 1.4% in the 1st quarter. North Star Investment Management Corp. now owns 3,868,702 shares of the electronics maker’s stock worth $3,367,000 after buying an additional 55,000 shares in the last quarter. Institutional investors and hedge funds 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.