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

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

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

Orion Energy Systems Stock Performance

Shares of OESX stock opened at $0.83 on Friday. 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 business has a 50 day moving average of $0.81 and a two-hundred day moving average of $0.87. The company has a market cap of $27.35 million, a P/E ratio of -3.32 and a beta of 1.36. Orion Energy Systems has a 52 week low of $0.68 and a 52 week high of $1.53.

Orion Energy Systems (NASDAQ:OESX) last released its quarterly earnings data 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 return on equity of 48.81% and a negative net margin of 8.76%. As a group, analysts anticipate that Orion Energy Systems will post -0.3 EPS for the current year.

Institutional Trading of Orion Energy Systems

Hedge funds have recently added to or reduced their stakes in the business. Tieton Capital Management LLC grew its stake 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 worth $2,130,000 after purchasing an additional 541,773 shares in the last quarter. Grace & White Inc. NY lifted its holdings in 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 during the period. North Star Investment Management Corp. lifted its holdings in 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 worth $3,370,000 after purchasing an additional 47,300 shares during the period. Mariner LLC bought a new position in Orion Energy Systems in the 4th quarter valued at about $35,000. Finally, Geode Capital Management LLC increased its stake in 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 buying an additional 25,816 shares during the period. 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).