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

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

Orion Energy Systems Trading Down 4.5 %

NASDAQ:OESX opened at $0.78 on Wednesday. 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 has a fifty-two week low of $0.68 and a fifty-two week high of $1.53. The stock’s 50-day moving average is $0.83 and its two-hundred day moving average is $0.90. The stock has a market cap of $25.70 million, a PE ratio of -3.12 and a beta of 1.32.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings data on Wednesday, November 6th. The electronics maker reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $19.36 million for the quarter, compared to analysts’ expectations of $19.40 million. During the same period in the previous year, the firm posted ($0.14) earnings per share. As a group, equities research analysts forecast that Orion Energy Systems will post -0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of OESX. North Star Investment Management Corp. lifted its holdings in shares of Orion Energy Systems by 1.2% during the 3rd quarter. North Star Investment Management Corp. now owns 3,933,002 shares of the electronics maker’s stock valued at $3,370,000 after buying an additional 47,300 shares during the last quarter. Grace & White Inc. NY lifted its stake in Orion Energy Systems by 1.3% in the third quarter. Grace & White Inc. NY now owns 2,695,406 shares of the electronics maker’s stock valued at $2,310,000 after acquiring an additional 33,451 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake 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 acquiring an additional 25,816 shares during the last quarter. 52.59% of the stock is owned by institutional investors and hedge funds.

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).