StockNews.com Initiates Coverage on Orion Energy Systems (NASDAQ:OESX)

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

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

Orion Energy Systems Stock Performance

NASDAQ OESX opened at $0.81 on Monday. Orion Energy Systems has a 1-year low of $0.68 and a 1-year high of $1.53. The company has a market capitalization of $26.72 million, a P/E ratio of -3.53 and a beta of 1.36. The business has a 50 day moving average price of $0.83 and a 200 day moving average price of $0.86. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.40 and a quick ratio of 0.89.

Orion Energy Systems (NASDAQ:OESX) last released its quarterly earnings results 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 return on equity of 48.85% and a negative net margin of 8.54%. Sell-side analysts expect that Orion Energy Systems will post -0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Orion Energy Systems

Several hedge funds have recently bought and sold shares of the stock. North Star Investment Management Corp. increased its position 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 buying an additional 47,300 shares in the last quarter. Grace & White Inc. NY boosted its holdings in shares of Orion Energy Systems by 1.9% during the fourth 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 during the last quarter. Tieton Capital Management LLC boosted its holdings in shares of Orion Energy Systems by 25.6% during the fourth 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 during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Orion Energy Systems by 9.0% during the third 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 during the last quarter. Finally, Mariner LLC purchased a new stake in shares of Orion Energy Systems in the fourth quarter worth about $35,000. Hedge funds and other 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).