Orion Energy Systems (NASDAQ:OESX) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a research note issued on Monday. The firm set a “hold” rating on the electronics maker’s stock.

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

Orion Energy Systems Stock Performance

Shares of OESX stock opened at $0.81 on Monday. The company has a market cap of $26.74 million, a P/E ratio of -3.53 and a beta of 1.36. The firm has a fifty day moving average price of $0.83 and a 200 day moving average price of $0.86. The company has a current ratio of 1.40, a quick ratio of 0.89 and a debt-to-equity ratio of 0.73. Orion Energy Systems has a 12 month low of $0.68 and a 12 month high of $1.53.

Orion Energy Systems (NASDAQ:OESX) last released 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%. Sell-side analysts predict that Orion Energy Systems will post -0.32 earnings per share for the current fiscal year.

Institutional Trading of Orion Energy Systems

A number of large investors have recently made changes to their positions in OESX. Tieton Capital Management LLC grew its position 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 worth $2,130,000 after acquiring an additional 541,773 shares during the last quarter. Grace & White Inc. NY boosted its stake in 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 worth $2,197,000 after purchasing an additional 50,138 shares during the period. North Star Investment Management Corp. grew its position in Orion Energy Systems by 1.2% during the 3rd quarter. North Star Investment Management Corp. now owns 3,933,002 shares of the electronics maker’s stock worth $3,370,000 after purchasing an additional 47,300 shares during the last quarter. Mariner LLC acquired a new position in Orion Energy Systems in the fourth quarter valued at $35,000. Finally, Geode Capital Management LLC raised its holdings in shares of 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 buying an additional 25,816 shares during the last quarter. 52.59% of the stock is owned by institutional investors and hedge funds.

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).