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

StockNews.com assumed coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a research report report published on Saturday morning. The firm issued a hold rating on the electronics maker’s stock.

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

Orion Energy Systems Stock Up 1.3 %

Shares of OESX stock opened at $0.72 on Friday. Orion Energy Systems has a twelve month low of $0.65 and a twelve month high of $1.53. The stock has a market cap of $23.69 million, a P/E ratio of -3.13 and a beta of 1.42. The stock has a 50 day moving average of $0.78 and a 200 day moving average of $0.83. The company has a current ratio of 1.40, a quick ratio of 0.89 and a debt-to-equity ratio of 0.73.

Orion Energy Systems (NASDAQ:OESX) last posted its earnings results on Tuesday, February 11th. The electronics maker reported ($0.05) earnings per share 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%. As a group, sell-side analysts expect that Orion Energy Systems will post -0.32 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Geode Capital Management LLC raised its position 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 during the last quarter. Mariner LLC acquired a new stake in Orion Energy Systems in the 4th quarter worth about $35,000. Grace & White Inc. NY increased its stake in Orion Energy Systems by 1.9% during the 4th quarter. Grace & White Inc. NY now owns 2,745,544 shares of the electronics maker’s stock worth $2,197,000 after buying an additional 50,138 shares in the last quarter. Finally, Tieton Capital Management LLC raised 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 valued at $2,130,000 after acquiring an additional 541,773 shares during the last quarter. 52.59% of the stock is owned by institutional investors and hedge funds.

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).