StockNews.com Begins Coverage on Orion Energy Systems (NASDAQ:OESX)

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

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

Orion Energy Systems Price Performance

NASDAQ:OESX opened at $0.69 on Thursday. 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 business’s 50-day simple moving average is $0.72 and its two-hundred day simple moving average is $0.80. The stock has a market cap of $22.61 million, a PE ratio of -2.98 and a beta of 1.27. Orion Energy Systems has a 52 week low of $0.65 and a 52 week high of $1.53.

Hedge Funds Weigh In On Orion Energy Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Grace & White Inc. NY boosted its position in shares of Orion Energy Systems by 1.4% during the first quarter. Grace & White Inc. NY now owns 2,784,586 shares of the electronics maker’s stock worth $2,008,000 after acquiring an additional 39,042 shares during the last quarter. Tieton Capital Management LLC grew its position in shares of 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 valued at $2,130,000 after purchasing an additional 541,773 shares in the last quarter. US Bancorp DE grew its position in shares of Orion Energy Systems by 5.1% during the first quarter. US Bancorp DE now owns 799,508 shares of the electronics maker’s stock valued at $577,000 after purchasing an additional 39,042 shares in the last quarter. Thompson Davis & CO. Inc. purchased a new position in shares of Orion Energy Systems during the first quarter valued at about $66,000. Finally, Mariner LLC purchased a new position in shares of Orion Energy Systems during the fourth quarter valued at about $35,000. Institutional investors 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).