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

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

Separately, HC Wainwright cut their price target on shares of Orion Energy Systems from $7.00 to $3.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th.

Orion Energy Systems Stock Up 1.6 %

NASDAQ:OESX opened at $0.87 on Friday. The stock has a 50-day simple moving average of $0.89 and a 200 day simple moving average of $0.95. Orion Energy Systems has a 52-week low of $0.81 and a 52-week high of $1.94. The company has a market cap of $28.33 million, a PE ratio of -1.50 and a beta of 1.45. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.81 and a current ratio of 1.49.

Orion Energy Systems (NASDAQ:OESX) last issued its quarterly earnings results on Wednesday, February 7th. The electronics maker reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.05. Orion Energy Systems had a negative net margin of 21.44% and a negative return on equity of 57.56%. The company had revenue of $25.97 million during the quarter, compared to analysts’ expectations of $26.16 million. On average, sell-side analysts expect that Orion Energy Systems will post -0.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in OESX. North Star Investment Management Corp. increased its holdings in Orion Energy Systems by 1.4% during the first quarter. North Star Investment Management Corp. now owns 3,868,702 shares of the electronics maker’s stock worth $3,367,000 after buying an additional 55,000 shares during the last quarter. Grace & White Inc. NY increased its stake in shares of Orion Energy Systems by 0.7% during the 1st quarter. Grace & White Inc. NY now owns 2,648,944 shares of the electronics maker’s stock worth $2,305,000 after purchasing an additional 18,115 shares during the last quarter. Finally, US Bancorp DE increased its stake in shares of Orion Energy Systems by 111.5% during the 4th quarter. US Bancorp DE now owns 952,274 shares of the electronics maker’s stock worth $825,000 after purchasing an additional 502,023 shares during the last quarter. Institutional investors and hedge funds own 52.59% of the company’s stock.

About Orion Energy Systems

Orion Energy Systems, Inc researches, designs, develops, manufactures, markets, sells, installs, and implements energy management systems for commercial office and retail, exterior area lighting, and industrial applications in North America. The company operates through three segments: Orion Services Group, Orion Distribution Services, and Orion U.S.