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

StockNews.com began coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a research report sent to investors on Saturday. The brokerage issued a hold rating on the electronics maker’s stock.

Separately, HC Wainwright restated a “buy” rating and set a $3.00 price objective on shares of Orion Energy Systems in a research note on Thursday, August 8th.

Orion Energy Systems Stock Performance

NASDAQ:OESX opened at $0.98 on Friday. The company has a market cap of $32.09 million, a P/E ratio of -3.50 and a beta of 1.42. Orion Energy Systems has a twelve month low of $0.81 and a twelve month high of $1.53. The business has a 50 day moving average price of $0.88 and a two-hundred day moving average price of $0.96. The company has a quick ratio of 1.06, a current ratio of 1.70 and a debt-to-equity ratio of 0.70.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings data on Wednesday, August 7th. The electronics maker reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. The business had revenue of $19.91 million for the quarter, compared to analyst estimates of $19.16 million. Orion Energy Systems had a negative net margin of 9.47% and a negative return on equity of 48.47%. During the same quarter in the previous year, the firm posted ($0.18) earnings per share. As a group, analysts expect that Orion Energy Systems will post -0.24 EPS for the current fiscal year.

Institutional Investors Weigh In On Orion Energy Systems

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Tieton Capital Management LLC grew its stake in shares of Orion Energy Systems by 2.5% in the second quarter. Tieton Capital Management LLC now owns 2,186,931 shares of the electronics maker’s stock valued at $2,427,000 after buying an additional 53,789 shares in the last quarter. Grace & White Inc. NY raised its position in Orion Energy Systems by 1.3% during the third quarter. Grace & White Inc. NY now owns 2,695,406 shares of the electronics maker’s stock worth $2,310,000 after acquiring an additional 33,451 shares in the last quarter. Finally, North Star Investment Management Corp. lifted its stake in Orion Energy Systems by 1.4% in the first quarter. North Star Investment Management Corp. now owns 3,868,702 shares of the electronics maker’s stock valued at $3,367,000 after acquiring an additional 55,000 shares during the last quarter. 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).