Orion Energy Systems (NASDAQ:OESX) Now Covered by StockNews.com

Research 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 dropped their price objective on shares of Orion Energy Systems from $7.00 to $3.00 and set a “buy” rating for the company in a research report on Thursday, February 8th.

Orion Energy Systems Stock Performance

NASDAQ:OESX opened at $0.88 on Thursday. The company has a quick ratio of 0.81, a current ratio of 1.49 and a debt-to-equity ratio of 0.48. The company has a market cap of $28.78 million, a P/E ratio of -1.52 and a beta of 1.59. Orion Energy Systems has a fifty-two week low of $0.81 and a fifty-two week high of $1.94. The firm’s 50 day moving average is $0.92 and its two-hundred day moving average is $0.96.

Orion Energy Systems (NASDAQ:OESX) last posted its quarterly earnings results 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 the consensus estimate of $26.16 million. Analysts expect that Orion Energy Systems will post -0.49 EPS for the current year.

Institutional Investors Weigh In On Orion Energy Systems

Large investors have recently added to or reduced their stakes in the company. US Bancorp DE grew its holdings in Orion Energy Systems by 111.5% during the 4th 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. Grace & White Inc. NY grew its holdings in Orion Energy Systems by 22.7% during the 3rd quarter. Grace & White Inc. NY now owns 1,035,857 shares of the electronics maker’s stock valued at $1,305,000 after purchasing an additional 191,954 shares in the last quarter. Finally, North Star Investment Management Corp. grew its holdings in Orion Energy Systems by 33.2% during the 4th quarter. North Star Investment Management Corp. now owns 3,813,702 shares of the electronics maker’s stock valued at $3,305,000 after purchasing an additional 951,240 shares in the last quarter. 52.59% of the stock is owned by institutional investors and hedge funds.

Orion Energy Systems Company Profile

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.