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

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

Separately, HC Wainwright reissued a “buy” rating and set a $3.00 price objective on shares of Orion Energy Systems in a research report on Thursday, August 8th.

Orion Energy Systems Trading Down 3.7 %

Shares of NASDAQ OESX opened at $0.84 on Tuesday. The company’s 50 day simple moving average is $0.90 and its 200 day simple moving average is $0.97. Orion Energy Systems has a fifty-two week low of $0.81 and a fifty-two week high of $1.53. The firm has a market capitalization of $27.54 million, a P/E ratio of -3.35 and a beta of 1.39. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.49 and a quick ratio of 0.93.

Orion Energy Systems (NASDAQ:OESX) last issued its earnings results on Wednesday, November 6th. The electronics maker reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.02). Orion Energy Systems had a negative net margin of 8.76% and a negative return on equity of 48.81%. The firm had revenue of $19.36 million during the quarter, compared to the consensus estimate of $19.40 million. During the same period in the previous year, the company posted ($0.14) EPS. On average, analysts predict that Orion Energy Systems will post -0.3 EPS for the current year.

Institutional Investors Weigh In On Orion Energy Systems

Several large investors have recently made changes to their positions in OESX. Grace & White Inc. NY grew its position 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 valued at $2,955,000 after purchasing an additional 13,011 shares in the last quarter. Tieton Capital Management LLC grew its position in Orion Energy Systems by 2.5% in the second quarter. Tieton Capital Management LLC now owns 2,186,931 shares of the electronics maker’s stock valued at $2,427,000 after purchasing an additional 53,789 shares in the last quarter. North Star Investment Management Corp. grew its position in Orion Energy Systems by 1.2% in the third quarter. North Star Investment Management Corp. now owns 3,933,002 shares of the electronics maker’s stock valued at $3,370,000 after purchasing an additional 47,300 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Orion Energy Systems by 9.0% in 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. Institutional investors own 52.59% of the company’s stock.

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).