Orion Energy Systems (NASDAQ:OESX) Earns “Buy” Rating from HC Wainwright

Orion Energy Systems (NASDAQ:OESX)‘s stock had its “buy” rating reissued by equities researchers at HC Wainwright in a report issued on Wednesday,Benzinga reports. They presently have a $3.00 price target on the electronics maker’s stock. HC Wainwright’s price target indicates a potential upside of 270.46% from the company’s current price.

Separately, StockNews.com assumed coverage on shares of Orion Energy Systems in a research note on Friday, February 7th. They issued a “hold” rating on the stock.

Orion Energy Systems Stock Up 1.9 %

Shares of NASDAQ:OESX opened at $0.81 on Wednesday. The company has a market capitalization of $26.65 million, a PE ratio of -3.24 and a beta of 1.36. The company has a current ratio of 1.49, a quick ratio of 0.93 and a debt-to-equity ratio of 0.77. Orion Energy Systems has a twelve month low of $0.68 and a twelve month high of $1.53. The firm has a 50 day simple moving average of $0.82 and a 200-day simple moving average of $0.87.

Orion Energy Systems (NASDAQ:OESX) last announced its earnings results on Tuesday, February 11th. The electronics maker reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. Orion Energy Systems had a negative net margin of 8.76% and a negative return on equity of 48.81%. On average, equities analysts predict that Orion Energy Systems will post -0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Orion Energy Systems

Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its position in shares of Orion Energy Systems by 9.0% during the 3rd quarter. Geode Capital Management LLC now owns 312,127 shares of the electronics maker’s stock worth $268,000 after purchasing an additional 25,816 shares in the last quarter. Grace & White Inc. NY boosted its position in shares of Orion Energy Systems by 1.3% during the 3rd quarter. Grace & White Inc. NY now owns 2,695,406 shares of the electronics maker’s stock worth $2,310,000 after purchasing an additional 33,451 shares in the last quarter. North Star Investment Management Corp. boosted its position in shares of Orion Energy Systems by 1.2% during the 3rd quarter. North Star Investment Management Corp. now owns 3,933,002 shares of the electronics maker’s stock worth $3,370,000 after purchasing an additional 47,300 shares in the last quarter. Mariner LLC purchased a new stake in shares of Orion Energy Systems during the 4th quarter worth $35,000. Finally, Tieton Capital Management LLC boosted its position in shares of Orion Energy Systems by 25.6% in the 4th quarter. Tieton Capital Management LLC now owns 2,661,853 shares of the electronics maker’s stock worth $2,130,000 after buying an additional 541,773 shares in the last quarter. 52.59% of the stock is currently owned by hedge funds and other institutional investors.

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).