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

StockNews.com began coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a research report released on Thursday. The firm issued 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 research note on Wednesday, February 12th.

Orion Energy Systems Stock Performance

NASDAQ OESX opened at $0.76 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.40 and a quick ratio of 0.89. The stock’s 50 day simple moving average is $0.81 and its 200-day simple moving average is $0.85. The company has a market cap of $25.04 million, a PE ratio of -3.30 and a beta of 1.39. Orion Energy Systems has a 1-year low of $0.68 and a 1-year 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 the consensus estimate 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%. As a group, equities research analysts anticipate that Orion Energy Systems will post -0.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC raised its stake in Orion Energy Systems by 9.0% during the third quarter. Geode Capital Management LLC now owns 312,127 shares of the electronics maker’s stock worth $268,000 after purchasing an additional 25,816 shares during the period. 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 valued at $2,197,000 after acquiring an additional 50,138 shares during the last quarter. Tieton Capital Management LLC grew its position in 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 acquiring an additional 541,773 shares during the period. Finally, Mariner LLC acquired a new stake in Orion Energy Systems during the fourth quarter worth $35,000. Hedge funds and other 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).