StockNews.com Begins Coverage on Orion Energy Systems (NASDAQ:OESX)

StockNews.com assumed coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a note issued to investors on Sunday. The firm 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 Wednesday, February 12th.

Orion Energy Systems Stock Up 7.0 %

Shares of NASDAQ:OESX opened at $0.76 on Friday. The firm has a market cap of $25.04 million, a P/E ratio of -3.30 and a beta of 1.42. Orion Energy Systems has a 52-week low of $0.65 and a 52-week high of $1.53. The business’s 50 day simple moving average is $0.77 and its two-hundred day simple moving average is $0.83. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.89 and a current ratio of 1.40.

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

Institutional Trading of Orion Energy Systems

Institutional investors and hedge funds have recently made changes to their positions in the company. Mariner LLC bought a new stake in Orion Energy Systems in the 4th quarter worth about $35,000. Geode Capital Management LLC boosted its stake in shares of Orion Energy Systems by 9.0% in the 3rd quarter. Geode Capital Management LLC now owns 312,127 shares of the electronics maker’s stock worth $268,000 after buying an additional 25,816 shares during the last quarter. Tieton Capital Management LLC grew its holdings in shares of Orion Energy Systems by 25.6% in 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 in the last quarter. Finally, Grace & White Inc. NY increased its position 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 valued at $2,197,000 after acquiring an additional 50,138 shares during the last quarter. 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).