Orion Energy Systems (NASDAQ:OESX) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Orion Energy Systems (NASDAQ:OESXFree Report) in a research report report published on Wednesday. The firm issued 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 research note on Friday, June 7th.

View Our Latest Analysis on Orion Energy Systems

Orion Energy Systems Price Performance

Shares of OESX stock opened at $1.15 on Wednesday. The company’s fifty day simple moving average is $0.94 and its two-hundred day simple moving average is $0.95. Orion Energy Systems has a 52 week low of $0.81 and a 52 week high of $1.83. The stock has a market cap of $37.44 million, a P/E ratio of -3.11 and a beta of 1.61. The company has a quick ratio of 0.81, a current ratio of 1.49 and a debt-to-equity ratio of 0.48.

Institutional Investors Weigh In On Orion Energy Systems

Hedge funds have recently bought and sold shares of the business. North Star Investment Management Corp. raised its position in shares of Orion Energy Systems by 1.4% during the 1st quarter. North Star Investment Management Corp. now owns 3,868,702 shares of the electronics maker’s stock valued at $3,367,000 after buying an additional 55,000 shares in the last quarter. Grace & White Inc. NY raised its position in Orion Energy Systems by 0.7% during the first quarter. Grace & White Inc. NY now owns 2,648,944 shares of the electronics maker’s stock valued at $2,305,000 after purchasing an additional 18,115 shares during the period. Finally, US Bancorp DE lifted its stake in shares of Orion Energy Systems by 111.5% in the 4th quarter. US Bancorp DE now owns 952,274 shares of the electronics maker’s stock valued at $825,000 after purchasing an additional 502,023 shares during the last quarter. Hedge funds and other institutional investors own 52.59% of the company’s stock.

Orion Energy Systems Company Profile

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Orion Energy Systems, Inc researches, designs, develops, manufactures, markets, sells, installs, and implements energy management systems for commercial office and retail, exterior area lighting, and industrial applications in North America. The company operates through three segments: Orion Services Group, Orion Distribution Services, and Orion U.S.

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