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

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

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

Orion Energy Systems Trading Up 5.1 %

Shares of NASDAQ:OESX opened at $0.79 on Wednesday. Orion Energy Systems has a 12-month low of $0.68 and a 12-month high of $1.53. The stock has a market cap of $26.10 million, a PE ratio of -3.44 and a beta of 1.39. The business has a 50 day moving average of $0.81 and a 200-day moving average of $0.85. The company has a quick ratio of 0.89, a current ratio of 1.40 and a debt-to-equity ratio of 0.73.

Orion Energy Systems (NASDAQ:OESX) last issued its quarterly earnings data on Tuesday, February 11th. The electronics maker reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. Orion Energy Systems had a negative return on equity of 48.85% and a negative net margin of 8.54%. As a group, equities research analysts forecast that Orion Energy Systems will post -0.32 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in Orion Energy Systems by 9.0% during the third quarter. Geode Capital Management LLC now owns 312,127 shares of the electronics maker’s stock valued at $268,000 after purchasing an additional 25,816 shares in the last quarter. Grace & White Inc. NY grew its stake in shares of Orion Energy Systems by 1.9% during the fourth 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 during the last quarter. Mariner LLC bought a new stake in shares of Orion Energy Systems during the fourth quarter worth $35,000. Finally, Tieton Capital Management LLC grew its stake 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 during 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).