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

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

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

Orion Energy Systems Stock Performance

NASDAQ:OESX opened at $0.71 on Friday. The stock’s 50 day simple moving average is $0.80 and its two-hundred day simple moving average is $0.84. Orion Energy Systems has a 1 year low of $0.68 and a 1 year high of $1.53. 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 company has a market cap of $23.26 million, a price-to-earnings ratio of -3.07 and a beta of 1.39.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings data on Tuesday, February 11th. The electronics maker reported ($0.05) earnings per share (EPS) for the quarter, topping 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 analysts anticipate that Orion Energy Systems will post -0.32 earnings per share 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. Mariner LLC purchased a new position in shares of Orion Energy Systems in the 4th quarter valued at about $35,000. Geode Capital Management LLC grew its holdings in Orion Energy Systems by 9.0% in the third 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 period. Tieton Capital Management LLC increased its position 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 valued at $2,130,000 after buying an additional 541,773 shares in the last quarter. Finally, Grace & White Inc. NY lifted its position 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 buying an additional 50,138 shares in the last quarter. 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).