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

StockNews.com initiated coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a research note issued to investors on Thursday. The brokerage issued a hold rating on the electronics maker’s stock.

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

Orion Energy Systems Price Performance

Shares of Orion Energy Systems stock opened at $0.84 on Thursday. The firm has a market cap of $27.60 million, a PE ratio of -2.28 and a beta of 1.42. The company’s fifty day simple moving average is $0.88 and its two-hundred day simple moving average is $0.96. 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 has a 12-month low of $0.81 and a 12-month high of $1.53.

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

Institutional Trading of Orion Energy Systems

Several large investors have recently bought and sold shares of OESX. North Star Investment Management Corp. raised its position in shares of 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 worth $3,367,000 after acquiring an additional 55,000 shares in the last quarter. Grace & White Inc. NY raised its holdings in Orion Energy Systems by 0.5% in the second quarter. Grace & White Inc. NY now owns 2,661,955 shares of the electronics maker’s stock worth $2,955,000 after purchasing an additional 13,011 shares in the last quarter. Finally, Tieton Capital Management LLC boosted its holdings in shares of Orion Energy Systems by 2.5% during 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 in the last quarter. 52.59% of the stock is owned by institutional investors.

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.