Orion Energy Systems (NASDAQ:OESX) Now Covered by StockNews.com

Analysts at StockNews.com assumed coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a research report issued on Monday. The brokerage set a “hold” rating on the electronics maker’s stock.

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

Orion Energy Systems Trading Up 4.2 %

Orion Energy Systems stock opened at $0.75 on Monday. The company has a current ratio of 1.40, a quick ratio of 0.89 and a debt-to-equity ratio of 0.73. The firm has a market cap of $24.71 million, a PE ratio of -3.26 and a beta of 1.42. The stock’s 50 day simple moving average is $0.76 and its two-hundred day simple moving average is $0.82. Orion Energy Systems has a 12 month low of $0.65 and a 12 month high of $1.53.

Orion Energy Systems (NASDAQ:OESX) last released its quarterly earnings results on Tuesday, February 11th. The electronics maker reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.01. Orion Energy Systems had a negative net margin of 8.54% and a negative return on equity of 48.85%. Analysts anticipate that Orion Energy Systems will post -0.32 earnings per share for the current year.

Institutional Investors Weigh In On Orion Energy Systems

Several institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC lifted its position 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 acquiring an additional 25,816 shares in the last quarter. Grace & White Inc. NY boosted its stake in Orion Energy Systems by 1.4% during the 1st quarter. Grace & White Inc. NY now owns 2,784,586 shares of the electronics maker’s stock worth $2,008,000 after purchasing an additional 39,042 shares during the last quarter. Mariner LLC acquired a new stake in Orion Energy Systems during the 4th quarter worth $35,000. Finally, Tieton Capital Management LLC grew its holdings 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 buying an additional 541,773 shares in the last quarter. 52.59% of the stock is currently owned by institutional investors and hedge funds.

Orion Energy Systems Company Profile

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).