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

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

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

Orion Energy Systems Trading Down 1.2 %

NASDAQ:OESX opened at $0.89 on Friday. 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 has a 1-year low of $0.68 and a 1-year high of $1.53. The firm has a market capitalization of $29.33 million, a price-to-earnings ratio of -3.87 and a beta of 1.36. The stock has a fifty day simple moving average of $0.82 and a 200 day simple moving average of $0.86.

Orion Energy Systems (NASDAQ:OESX) last announced 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 forecast that Orion Energy Systems will post -0.32 earnings per share for the current year.

Institutional Investors Weigh In On Orion Energy Systems

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mariner LLC purchased a new stake in shares of Orion Energy Systems during the 4th quarter worth about $35,000. Geode Capital Management LLC raised its stake in shares of 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 in the last quarter. Tieton Capital Management LLC raised its stake in shares of Orion Energy Systems by 25.6% during the 4th quarter. Tieton Capital Management LLC now owns 2,661,853 shares of the electronics maker’s stock worth $2,130,000 after purchasing an additional 541,773 shares in the last quarter. Grace & White Inc. NY raised its stake in shares of Orion Energy Systems by 1.9% in the 4th quarter. Grace & White Inc. NY now owns 2,745,544 shares of the electronics maker’s stock valued at $2,197,000 after acquiring an additional 50,138 shares in the last quarter. Finally, North Star Investment Management Corp. raised 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 acquiring an additional 47,300 shares in the last quarter. 52.59% of the stock is owned by hedge funds and other 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).