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

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

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

Orion Energy Systems Price Performance

NASDAQ:OESX opened at $0.71 on Friday. Orion Energy Systems has a 52 week low of $0.65 and a 52 week high of $1.53. The firm’s 50-day simple moving average is $0.77 and its 200 day simple moving average is $0.83. The firm has a market cap of $23.40 million, a price-to-earnings ratio of -3.09 and a beta of 1.42. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.89 and a current ratio of 1.40.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings data on Tuesday, February 11th. The electronics maker reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. Orion Energy Systems had a negative net margin of 8.54% and a negative return on equity of 48.85%. As a group, sell-side analysts predict that Orion Energy Systems will post -0.32 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in Orion Energy Systems by 9.0% in the 3rd quarter. Geode Capital Management LLC now owns 312,127 shares of the electronics maker’s stock valued at $268,000 after buying an additional 25,816 shares during the last quarter. Tieton Capital Management LLC increased its stake in shares of Orion Energy Systems by 25.6% in 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. Grace & White Inc. NY lifted its stake in Orion Energy Systems by 1.9% in the 4th 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, Mariner LLC bought a new position in Orion Energy Systems in the 4th quarter valued at $35,000. 52.59% of the stock is owned by institutional investors and hedge funds.

Orion Energy Systems Company Profile

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).