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

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

Separately, HC Wainwright restated a “buy” rating and issued a $3.00 target price on shares of Orion Energy Systems in a report on Wednesday, February 12th.

Orion Energy Systems Price Performance

Shares of NASDAQ OESX opened at $0.79 on Wednesday. The firm’s 50-day moving average price is $0.81 and its 200-day moving average price is $0.85. Orion Energy Systems has a 1-year low of $0.68 and a 1-year high of $1.53. The firm has a market capitalization of $26.10 million, a P/E ratio of -3.44 and a beta of 1.39. The company has a current ratio of 1.40, a quick ratio of 0.89 and a debt-to-equity ratio of 0.73.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings data on Tuesday, February 11th. The electronics maker reported ($0.05) earnings per share 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%. Equities research analysts anticipate that Orion Energy Systems will post -0.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Orion Energy Systems

Several hedge funds have recently modified their holdings of OESX. Geode Capital Management LLC lifted its position in shares of Orion Energy Systems by 9.0% during 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 in the last quarter. Grace & White Inc. NY lifted its position in shares of Orion Energy Systems by 1.9% during the 4th quarter. Grace & White Inc. NY now owns 2,745,544 shares of the electronics maker’s stock worth $2,197,000 after buying an additional 50,138 shares in the last quarter. Tieton Capital Management LLC lifted its position in shares of Orion Energy Systems by 25.6% during the 4th quarter. Tieton Capital Management LLC now owns 2,661,853 shares of the electronics maker’s stock worth $2,130,000 after buying an additional 541,773 shares in the last quarter. Finally, Mariner LLC bought a new position in shares of Orion Energy Systems during the 4th quarter worth approximately $35,000. 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).