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

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

Separately, HC Wainwright reiterated a “buy” rating and set a $7.00 price objective on shares of Orion Energy Systems in a research note on Thursday, August 10th.

Orion Energy Systems Trading Up 1.4 %

Shares of NASDAQ:OESX opened at $1.40 on Thursday. The company has a current ratio of 1.92, a quick ratio of 1.13 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $45.50 million, a PE ratio of -1.17 and a beta of 1.97. Orion Energy Systems has a 12-month low of $1.35 and a 12-month high of $2.45. The business’s fifty day simple moving average is $1.58 and its 200-day simple moving average is $1.67.

Orion Energy Systems (NASDAQ:OESX) last issued its quarterly earnings data on Wednesday, August 9th. The electronics maker reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.07). The company had revenue of $17.61 million during the quarter, compared to analyst estimates of $22.38 million. Orion Energy Systems had a negative net margin of 49.48% and a negative return on equity of 37.25%. As a group, equities research analysts predict that Orion Energy Systems will post -0.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in OESX. Envestnet Asset Management Inc. acquired a new position in Orion Energy Systems in the second quarter valued at approximately $26,000. Kestra Private Wealth Services LLC purchased a new position in Orion Energy Systems in the first quarter valued at $39,000. Victory Capital Management Inc. purchased a new position in shares of Orion Energy Systems during the fourth quarter worth about $61,000. Manatuck Hill Partners LLC purchased a new position in shares of Orion Energy Systems during the fourth quarter worth about $91,000. Finally, Susquehanna International Group LLP grew its holdings in shares of Orion Energy Systems by 130.5% during the first quarter. Susquehanna International Group LLP now owns 55,945 shares of the electronics maker’s stock worth $114,000 after purchasing an additional 31,678 shares during the last quarter. 56.69% of the stock is currently owned by institutional investors and hedge funds.

About Orion Energy Systems

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.