Orion Energy Systems (NASDAQ:OESX) Now Covered by Analysts at StockNews.com

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

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

Orion Energy Systems Stock Performance

Shares of Orion Energy Systems stock opened at $0.74 on Wednesday. Orion Energy Systems has a 1 year low of $0.65 and a 1 year high of $1.53. The firm’s 50-day moving average is $0.73 and its 200 day moving average is $0.81. The stock has a market cap of $24.38 million, a price-to-earnings ratio of -3.22 and a beta of 1.27. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.40 and a quick ratio of 0.89.

Orion Energy Systems (NASDAQ:OESX) last issued its earnings results 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 net margin of 8.54% and a negative return on equity of 48.85%. Sell-side analysts anticipate that Orion Energy Systems will post -0.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of OESX. Thompson Davis & CO. Inc. bought a new stake in Orion Energy Systems in the 1st quarter worth about $66,000. US Bancorp DE lifted its stake in Orion Energy Systems by 5.1% during the 1st quarter. US Bancorp DE now owns 799,508 shares of the electronics maker’s stock valued at $577,000 after acquiring an additional 39,042 shares during the period. Grace & White Inc. NY boosted its holdings in shares of Orion Energy Systems by 1.4% during the 1st quarter. Grace & White Inc. NY now owns 2,784,586 shares of the electronics maker’s stock valued at $2,008,000 after acquiring an additional 39,042 shares during the last quarter. Mariner LLC bought a new stake in shares of Orion Energy Systems in the fourth quarter worth approximately $35,000. Finally, Tieton Capital Management LLC raised its holdings in shares of Orion Energy Systems by 25.6% during 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 purchasing an additional 541,773 shares during the last quarter. 52.59% of the stock is owned by 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).