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

StockNews.com started coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a research report sent to investors on Sunday morning. The firm issued 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 Up 1.1 %

Shares of NASDAQ OESX opened at $0.90 on Friday. The firm has a market cap of $29.69 million, a price-to-earnings ratio of -3.92 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. The company’s 50-day simple moving average is $0.82 and its 200-day simple moving average is $0.86. The company has a quick ratio of 0.89, a current ratio of 1.40 and a debt-to-equity ratio of 0.73.

Orion Energy Systems (NASDAQ:OESX) last issued its earnings results on Tuesday, February 11th. The electronics maker reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates 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%. Equities analysts predict that Orion Energy Systems will post -0.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Mariner LLC acquired a new stake in shares of Orion Energy Systems in the 4th quarter worth $35,000. Geode Capital Management LLC grew its holdings in shares of 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 buying an additional 25,816 shares in the last quarter. Tieton Capital Management LLC grew its holdings 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 valued at $2,130,000 after purchasing an additional 541,773 shares during the period. Grace & White Inc. NY lifted its position in Orion Energy Systems by 1.9% during 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 buying an additional 50,138 shares in the last quarter. Finally, North Star Investment Management Corp. lifted its position in Orion Energy Systems by 1.2% during the third quarter. North Star Investment Management Corp. now owns 3,933,002 shares of the electronics maker’s stock valued at $3,370,000 after buying an additional 47,300 shares in the last quarter. 52.59% of the stock is owned by hedge funds and other institutional investors.

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).