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

StockNews.com assumed coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a research note issued to investors on Wednesday morning. The firm issued a hold rating on the electronics maker’s stock.

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

Orion Energy Systems Stock Performance

Shares of Orion Energy Systems stock opened at $0.73 on Wednesday. The business’s fifty day simple moving average is $0.82 and its 200 day simple moving average is $0.85. The company has a current ratio of 1.40, a quick ratio of 0.89 and a debt-to-equity ratio of 0.73. Orion Energy Systems has a 12 month low of $0.68 and a 12 month high of $1.53. The firm has a market capitalization of $24.05 million, a P/E ratio of -3.17 and a beta of 1.39.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its stake 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 acquiring an additional 25,816 shares during the period. Grace & White Inc. NY increased its stake in shares of Orion Energy Systems by 1.9% in the fourth 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. Tieton Capital Management LLC raised its position 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 valued at $2,130,000 after purchasing an additional 541,773 shares during the period. Finally, Mariner LLC purchased a new stake in shares of Orion Energy Systems during the 4th quarter valued at approximately $35,000. Hedge funds and other 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).