Orion Energy Systems (NASDAQ:OESX) Earns Hold Rating from Analysts at StockNews.com

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

Separately, HC Wainwright reiterated a buy rating and issued a $3.00 target price on shares of Orion Energy Systems in a research note on Thursday, August 8th.

Orion Energy Systems Stock Performance

Shares of OESX opened at $0.86 on Wednesday. The company’s fifty day moving average is $0.90 and its 200-day moving average is $0.96. Orion Energy Systems has a 12 month low of $0.81 and a 12 month high of $1.53. The firm has a market cap of $28.00 million, a price-to-earnings ratio of -2.31 and a beta of 1.42. The company has a quick ratio of 1.06, a current ratio of 1.70 and a debt-to-equity ratio of 0.70.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings results on Wednesday, August 7th. The electronics maker reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.01. Orion Energy Systems had a negative net margin of 9.47% and a negative return on equity of 48.47%. The company had revenue of $19.91 million for the quarter, compared to analyst estimates of $19.16 million. During the same quarter in the prior year, the business posted ($0.18) EPS. Equities analysts expect that Orion Energy Systems will post -0.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Tieton Capital Management LLC grew its stake in Orion Energy Systems by 2.5% in the 2nd quarter. Tieton Capital Management LLC now owns 2,186,931 shares of the electronics maker’s stock valued at $2,427,000 after buying an additional 53,789 shares during the last quarter. Grace & White Inc. NY boosted its holdings in Orion Energy Systems by 0.5% in the 2nd quarter. Grace & White Inc. NY now owns 2,661,955 shares of the electronics maker’s stock valued at $2,955,000 after purchasing an additional 13,011 shares during the period. North Star Investment Management Corp. boosted its holdings in Orion Energy Systems by 1.4% in the 1st quarter. North Star Investment Management Corp. now owns 3,868,702 shares of the electronics maker’s stock valued at $3,367,000 after purchasing an additional 55,000 shares during the period. Finally, US Bancorp DE boosted its holdings in Orion Energy Systems by 111.5% in the 4th quarter. US Bancorp DE now owns 952,274 shares of the electronics maker’s stock valued at $825,000 after purchasing an additional 502,023 shares during the period. 52.59% of the stock is currently owned by institutional investors and hedge funds.

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.