Orion Energy Systems (NASDAQ:OESX) Earns Hold Rating from Analysts at StockNews.com

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

Orion Energy Systems Price Performance

Shares of OESX stock opened at $0.79 on Friday. Orion Energy Systems has a 52 week low of $0.68 and a 52 week high of $1.53. The stock has a market capitalization of $25.83 million, a PE ratio of -3.14 and a beta of 1.34. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.93 and a current ratio of 1.49. The stock’s fifty day moving average is $0.89 and its 200-day moving average is $0.95.

Orion Energy Systems (NASDAQ:OESX) last issued its quarterly earnings results on Wednesday, November 6th. The electronics maker reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.02). The company had revenue of $19.36 million for the quarter, compared to analyst estimates of $19.40 million. Orion Energy Systems had a negative return on equity of 48.81% and a negative net margin of 8.76%. During the same quarter last year, the company earned ($0.14) EPS. Equities research analysts expect that Orion Energy Systems will post -0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. North Star Investment Management Corp. increased its stake in shares of Orion Energy Systems by 1.2% in the 3rd 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 during the period. Grace & White Inc. NY boosted its holdings in Orion Energy Systems by 1.3% in the third quarter. Grace & White Inc. NY now owns 2,695,406 shares of the electronics maker’s stock valued at $2,310,000 after acquiring an additional 33,451 shares during the last quarter. Tieton Capital Management LLC increased its position in 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 worth $2,427,000 after purchasing an additional 53,789 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Orion Energy Systems by 9.0% during the 3rd 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 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).