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

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

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

Orion Energy Systems Trading Down 0.5 %

NASDAQ:OESX opened at $0.76 on Thursday. The stock has a market capitalization of $24.91 million, a price-to-earnings ratio of -3.29 and a beta of 1.39. Orion Energy Systems has a 52 week low of $0.68 and a 52 week high of $1.53. The company has a quick ratio of 0.89, a current ratio of 1.40 and a debt-to-equity ratio of 0.73. The firm has a 50 day moving average of $0.81 and a 200 day moving average of $0.85.

Orion Energy Systems (NASDAQ:OESX) last issued its earnings results on Tuesday, February 11th. The electronics maker reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. As a group, sell-side analysts anticipate that Orion Energy Systems will post -0.32 earnings per share for the current fiscal year.

Institutional Trading of Orion Energy Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OESX. Geode Capital Management LLC boosted its stake in shares of Orion Energy Systems by 9.0% during the 3rd quarter. Geode Capital Management LLC now owns 312,127 shares of the electronics maker’s stock worth $268,000 after acquiring an additional 25,816 shares in the last quarter. Mariner LLC acquired a new position in Orion Energy Systems in the 4th quarter worth about $35,000. Grace & White Inc. NY boosted its position in 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 in the last quarter. Finally, Tieton Capital Management LLC boosted its position in 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 in the last quarter. Institutional investors and hedge funds 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).