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

Equities researchers at StockNews.com assumed coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the electronics maker’s stock.

Separately, HC Wainwright reduced their price objective on shares of Orion Energy Systems from $7.00 to $3.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th.

Orion Energy Systems Stock Up 1.0 %

Shares of NASDAQ OESX opened at $0.87 on Wednesday. The firm’s 50-day moving average price is $0.94 and its 200-day moving average price is $0.98. The company has a current ratio of 1.49, a quick ratio of 0.81 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $28.33 million, a price-to-earnings ratio of -1.50 and a beta of 1.60. Orion Energy Systems has a 12-month low of $0.81 and a 12-month high of $1.94.

Orion Energy Systems (NASDAQ:OESX) last posted its quarterly earnings data on Wednesday, February 7th. The electronics maker reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.05. Orion Energy Systems had a negative net margin of 21.44% and a negative return on equity of 57.56%. The company had revenue of $25.97 million for the quarter, compared to analyst estimates of $26.16 million. On average, equities research analysts anticipate that Orion Energy Systems will post -0.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Orion Energy Systems

A number of institutional investors have recently modified their holdings of the stock. North Star Investment Management Corp. increased its position in shares of Orion Energy Systems by 33.2% during the fourth quarter. North Star Investment Management Corp. now owns 3,813,702 shares of the electronics maker’s stock worth $3,305,000 after acquiring an additional 951,240 shares during the period. Grace & White Inc. NY boosted its stake in shares of Orion Energy Systems by 154.0% during the fourth quarter. Grace & White Inc. NY now owns 2,630,829 shares of the electronics maker’s stock valued at $2,280,000 after purchasing an additional 1,594,972 shares in the last quarter. Tieton Capital Management LLC boosted its stake in shares of Orion Energy Systems by 0.9% during the second quarter. Tieton Capital Management LLC now owns 2,219,240 shares of the electronics maker’s stock valued at $3,617,000 after purchasing an additional 20,349 shares in the last quarter. US Bancorp DE boosted its stake in shares of Orion Energy Systems by 111.5% during the fourth quarter. US Bancorp DE now owns 952,274 shares of the electronics maker’s stock valued at $825,000 after purchasing an additional 502,023 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Orion Energy Systems by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 259,474 shares of the electronics maker’s stock valued at $472,000 after purchasing an additional 5,688 shares in the last quarter. 52.59% of the stock is owned by hedge funds and other institutional investors.

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.