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

Equities researchers at StockNews.com started coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a research note issued to investors on Saturday. The brokerage 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 Thursday, August 8th.

Orion Energy Systems Price Performance

Orion Energy Systems stock opened at $0.98 on Friday. Orion Energy Systems has a one year low of $0.81 and a one year high of $1.53. The stock has a fifty day moving average of $0.88 and a 200 day moving average of $0.96. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.06 and a current ratio of 1.70. The stock has a market cap of $32.09 million, a PE ratio of -3.50 and a beta of 1.42.

Orion Energy Systems (NASDAQ:OESX) last released its quarterly earnings results on Wednesday, August 7th. The electronics maker reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.01. The firm had revenue of $19.91 million during 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 prior year, the firm earned ($0.18) EPS. As a group, sell-side analysts predict that Orion Energy Systems will post -0.24 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. North Star Investment Management Corp. raised 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 valued at $3,367,000 after acquiring an additional 55,000 shares during the period. Grace & White Inc. NY grew its position in shares of 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 purchasing an additional 33,451 shares in the last quarter. Finally, Tieton Capital Management LLC raised its stake in Orion Energy Systems by 2.5% during the 2nd quarter. Tieton Capital Management LLC now owns 2,186,931 shares of the electronics maker’s stock valued at $2,427,000 after purchasing an additional 53,789 shares during the period. Hedge funds and other 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).