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

Equities research analysts at StockNews.com started coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a report issued on Thursday. 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 report on Thursday, February 8th.

Orion Energy Systems Stock Performance

OESX opened at $0.85 on Thursday. Orion Energy Systems has a 52-week low of $0.81 and a 52-week high of $1.94. The company has a quick ratio of 0.81, a current ratio of 1.49 and a debt-to-equity ratio of 0.48. The company has a market cap of $27.58 million, a P/E ratio of -1.46 and a beta of 1.59. The firm’s 50-day moving average price is $0.91 and its 200-day moving average price is $0.96.

Orion Energy Systems (NASDAQ:OESX) last posted its quarterly earnings data on Wednesday, February 7th. The electronics maker reported ($0.07) earnings per share (EPS) for the quarter, beating 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 firm had revenue of $25.97 million for the quarter, compared to the consensus estimate of $26.16 million. As a group, equities analysts anticipate that Orion Energy Systems will post -0.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Orion Energy Systems

Several hedge funds and other institutional investors have recently bought and sold shares of the business. North Star Investment Management Corp. increased its holdings in Orion Energy Systems by 33.2% in the 4th quarter. North Star Investment Management Corp. now owns 3,813,702 shares of the electronics maker’s stock worth $3,305,000 after buying an additional 951,240 shares during the period. Grace & White Inc. NY grew 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 period. Finally, US Bancorp DE grew 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 period. 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.