Orion Energy Systems (NASDAQ:OESX) Coverage Initiated by Analysts at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a research report issued to clients and investors on Friday. The brokerage set a “hold” rating on the electronics maker’s stock.

Orion Energy Systems Trading Up 3.7 %

OESX opened at $0.83 on Friday. The firm’s 50 day moving average is $0.89 and its 200-day moving average is $0.96. Orion Energy Systems has a 52-week low of $0.68 and a 52-week high of $1.53. The company has a quick ratio of 0.93, a current ratio of 1.49 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $27.31 million, a P/E ratio of -3.32 and a beta of 1.33.

Orion Energy Systems (NASDAQ:OESX) last released its quarterly earnings results on Wednesday, November 6th. The electronics maker reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.02). Orion Energy Systems had a negative return on equity of 48.81% and a negative net margin of 8.76%. The firm had revenue of $19.36 million for the quarter, compared to analysts’ expectations of $19.40 million. During the same period last year, the firm earned ($0.14) EPS. Analysts expect that Orion Energy Systems will post -0.3 EPS for the current fiscal year.

Institutional Trading of Orion Energy Systems

A number of hedge funds have recently made changes to their positions in OESX. Tieton Capital Management LLC increased its position in shares of Orion Energy Systems by 2.5% in the 2nd quarter. Tieton Capital Management LLC now owns 2,186,931 shares of the electronics maker’s stock worth $2,427,000 after purchasing an additional 53,789 shares during the last quarter. North Star Investment Management Corp. increased its stake in shares of Orion Energy Systems by 1.2% in the third quarter. North Star Investment Management Corp. now owns 3,933,002 shares of the electronics maker’s stock valued at $3,370,000 after purchasing an additional 47,300 shares during the period. Grace & White Inc. NY raised its stake in 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 valued at $2,310,000 after acquiring an additional 33,451 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Orion Energy Systems by 9.0% in the third 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 during the period. Institutional investors and hedge funds 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).