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

StockNews.com initiated coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a report issued on Monday. The firm issued a hold rating on the electronics maker’s stock.

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

Orion Energy Systems Trading Down 2.5 %

Orion Energy Systems stock opened at $0.97 on Monday. The company has a 50 day moving average price of $0.90 and a 200 day moving average price of $0.97. Orion Energy Systems has a 52 week low of $0.81 and a 52 week high of $1.53. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.06 and a current ratio of 1.49. The firm has a market capitalization of $31.84 million, a price-to-earnings ratio of -3.89 and a beta of 1.39.

Orion Energy Systems (NASDAQ:OESX) last posted its quarterly earnings data on Wednesday, November 6th. The electronics maker reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.02). The firm had revenue of $19.36 million during the quarter, compared to analyst estimates of $19.40 million. Orion Energy Systems had a negative return on equity of 48.81% and a negative net margin of 8.76%. During the same period in the prior year, the business posted ($0.14) EPS. Research analysts forecast that Orion Energy Systems will post -0.3 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of OESX. Tieton Capital Management LLC increased its holdings in shares of 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 worth $2,427,000 after purchasing an additional 53,789 shares during the period. North Star Investment Management Corp. boosted its position in shares of Orion Energy Systems by 1.2% during the 3rd quarter. North Star Investment Management Corp. now owns 3,933,002 shares of the electronics maker’s stock valued at $3,370,000 after acquiring an additional 47,300 shares in the last quarter. Finally, Grace & White Inc. NY boosted its position in Orion Energy Systems by 1.3% in the third quarter. Grace & White Inc. NY now owns 2,695,406 shares of the electronics maker’s stock valued at $2,310,000 after buying an additional 33,451 shares in the last quarter. Institutional investors own 52.59% of the company’s stock.

About Orion Energy Systems

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).