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

StockNews.com started coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a research note published on Saturday. The brokerage issued a hold rating on the electronics maker’s stock.

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $3.00 price objective on shares of Orion Energy Systems in a research report on Wednesday, February 12th.

Orion Energy Systems Price Performance

NASDAQ:OESX opened at $0.83 on Friday. The firm has a market cap of $27.32 million, a price-to-earnings ratio of -3.32 and a beta of 1.36. The company has a current ratio of 1.49, a quick ratio of 0.93 and a debt-to-equity ratio of 0.77. The company’s 50-day moving average is $0.81 and its two-hundred day moving average is $0.87. Orion Energy Systems has a 12-month low of $0.68 and a 12-month high of $1.53.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings data on Tuesday, February 11th. The electronics maker reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.01. Orion Energy Systems had a negative net margin of 8.76% and a negative return on equity of 48.81%. Research analysts expect that Orion Energy Systems will post -0.3 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. North Star Investment Management Corp. grew its holdings in Orion Energy Systems by 1.2% during the third quarter. North Star Investment Management Corp. now owns 3,933,002 shares of the electronics maker’s stock worth $3,370,000 after acquiring an additional 47,300 shares during the period. Grace & White Inc. NY increased its stake in Orion Energy Systems by 1.9% in the 4th quarter. Grace & White Inc. NY now owns 2,745,544 shares of the electronics maker’s stock worth $2,197,000 after purchasing an additional 50,138 shares in the last quarter. Tieton Capital Management LLC increased its stake in 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 purchasing an additional 541,773 shares in the last quarter. Geode Capital Management LLC increased its stake in Orion Energy Systems by 9.0% in the 3rd quarter. Geode Capital Management LLC now owns 312,127 shares of the electronics maker’s stock worth $268,000 after purchasing an additional 25,816 shares in the last quarter. Finally, Mariner LLC purchased a new position in Orion Energy Systems in the 4th quarter worth about $35,000. 52.59% of the stock is owned by institutional investors and hedge funds.

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).