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

Equities researchers at StockNews.com started coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a research note issued to investors on Tuesday. The brokerage set a “hold” rating on the electronics maker’s stock.

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

Orion Energy Systems Price Performance

Shares of OESX opened at $0.84 on Tuesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.06 and a current ratio of 1.70. The company has a 50 day moving average price of $0.93 and a 200-day moving average price of $0.96. Orion Energy Systems has a fifty-two week low of $0.81 and a fifty-two week high of $1.53. The stock has a market capitalization of $27.59 million, a PE ratio of -2.28 and a beta of 1.43.

Orion Energy Systems (NASDAQ:OESX) last posted its earnings results on Wednesday, August 7th. The electronics maker reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. Orion Energy Systems had a negative return on equity of 48.47% and a negative net margin of 9.47%. The company had revenue of $19.91 million during the quarter, compared to analyst estimates of $19.16 million. During the same quarter in the prior year, the business earned ($0.18) earnings per share. Equities analysts predict 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 large investors have recently made changes to their positions in the business. US Bancorp DE boosted its position in shares of Orion Energy Systems by 111.5% in the 4th quarter. US Bancorp DE now owns 952,274 shares of the electronics maker’s stock worth $825,000 after purchasing an additional 502,023 shares in the last quarter. North Star Investment Management Corp. grew its stake in shares of Orion Energy Systems by 1.4% during the first quarter. North Star Investment Management Corp. now owns 3,868,702 shares of the electronics maker’s stock worth $3,367,000 after acquiring an additional 55,000 shares during the last quarter. Tieton Capital Management LLC increased its holdings in shares of Orion Energy Systems by 2.5% during 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, Grace & White Inc. NY increased its holdings in shares of Orion Energy Systems by 0.5% during the second quarter. Grace & White Inc. NY now owns 2,661,955 shares of the electronics maker’s stock valued at $2,955,000 after acquiring an additional 13,011 shares in the last quarter. 52.59% of the stock is owned by institutional investors and hedge funds.

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.