Orion Energy Systems’ (OESX) Buy Rating Reiterated at HC Wainwright

Orion Energy Systems (NASDAQ:OESX)‘s stock had its “buy” rating reaffirmed by investment analysts at HC Wainwright in a note issued to investors on Wednesday,Benzinga reports. They presently have a $3.00 price objective on the electronics maker’s stock. HC Wainwright’s price target would suggest a potential upside of 270.46% from the stock’s previous close.

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

Orion Energy Systems Price Performance

Orion Energy Systems stock opened at $0.81 on Wednesday. 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’s 50-day simple moving average is $0.82 and its 200 day simple moving average is $0.87. The firm has a market capitalization of $26.65 million, a PE ratio of -3.24 and a beta of 1.36.

Orion Energy Systems (NASDAQ:OESX) last released its earnings results on Tuesday, February 11th. The electronics maker reported ($0.05) earnings per share (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 research analysts predict that Orion Energy Systems will post -0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake 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 valued at $268,000 after acquiring an additional 25,816 shares during the last quarter. Grace & White Inc. NY increased its stake 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 valued at $2,310,000 after acquiring an additional 33,451 shares during the last quarter. Mariner LLC acquired a new position in shares of Orion Energy Systems during the 4th quarter valued at about $35,000. North Star Investment Management Corp. increased its stake 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 valued at $3,370,000 after acquiring an additional 47,300 shares during the last quarter. Finally, Tieton Capital Management LLC increased its stake in shares of Orion Energy Systems by 25.6% during the 4th quarter. Tieton Capital Management LLC now owns 2,661,853 shares of the electronics maker’s stock valued at $2,130,000 after acquiring an additional 541,773 shares during the last quarter. 52.59% of the stock is currently 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).