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

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

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

Orion Energy Systems Price Performance

OESX stock opened at $0.75 on Thursday. The company has a current ratio of 1.40, a quick ratio of 0.89 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $24.68 million, a P/E ratio of -3.26 and a beta of 1.39. The business has a 50 day simple moving average of $0.81 and a 200-day simple moving average of $0.85. Orion Energy Systems has a twelve month low of $0.68 and a twelve month high of $1.53.

Orion Energy Systems (NASDAQ:OESX) last posted its quarterly earnings data 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 8.54% and a negative return on equity of 48.85%. As a group, equities analysts anticipate that Orion Energy Systems will post -0.32 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in OESX. Geode Capital Management LLC grew its holdings in shares of 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 worth $268,000 after acquiring an additional 25,816 shares during the period. Grace & White Inc. NY raised its holdings in Orion Energy Systems by 1.9% during 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 during the last quarter. Tieton Capital Management LLC boosted its position in 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 worth $2,130,000 after purchasing an additional 541,773 shares in the last quarter. Finally, Mariner LLC acquired a new stake in Orion Energy Systems in the fourth quarter valued at $35,000. 52.59% of the stock is owned by hedge funds and other institutional investors.

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).