StockNews.com Initiates Coverage on Orion Energy Systems (NASDAQ:OESX)

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

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

Orion Energy Systems Stock Down 1.3 %

Orion Energy Systems stock opened at $0.73 on Wednesday. The business has a fifty day moving average of $0.82 and a two-hundred day moving average of $0.85. The company has a quick ratio of 0.89, a current ratio of 1.40 and a debt-to-equity ratio of 0.73. The firm has a market cap of $24.06 million, a P/E ratio of -3.18 and a beta of 1.39. 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 earnings results on Tuesday, February 11th. The electronics maker reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. Orion Energy Systems had a negative return on equity of 48.85% and a negative net margin of 8.54%. On average, analysts forecast that Orion Energy Systems will post -0.32 earnings per share for the current fiscal year.

Institutional Trading of Orion Energy Systems

Several hedge funds and other institutional investors have recently made changes to their positions in OESX. Geode Capital Management LLC lifted its holdings 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 purchasing an additional 25,816 shares during the last quarter. Grace & White Inc. NY lifted its holdings in shares of Orion Energy Systems by 1.9% during the 4th quarter. Grace & White Inc. NY now owns 2,745,544 shares of the electronics maker’s stock valued at $2,197,000 after purchasing an additional 50,138 shares during the last quarter. Tieton Capital Management LLC increased its position in shares of Orion Energy Systems by 25.6% in 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 period. Finally, Mariner LLC acquired a new position in shares of Orion Energy Systems in the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 52.59% of the company’s stock.

Orion Energy Systems Company Profile

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).