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 note released on Friday. The firm issued a hold rating on the electronics maker’s stock.

Separately, HC Wainwright reduced their price objective on shares of Orion Energy Systems from $7.00 to $3.00 and set a buy rating for the company in a research report on Thursday, February 8th.

Orion Energy Systems Price Performance

Shares of OESX opened at $0.87 on Friday. The company has a current ratio of 1.49, a quick ratio of 0.81 and a debt-to-equity ratio of 0.48. The firm’s fifty day simple moving average is $0.89 and its 200-day simple moving average is $0.95. The firm has a market capitalization of $28.33 million, a price-to-earnings ratio of -1.50 and a beta of 1.45. Orion Energy Systems has a twelve month low of $0.81 and a twelve month high of $1.94.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings results on Wednesday, February 7th. The electronics maker reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.05. The company had revenue of $25.97 million during the quarter, compared to the consensus estimate of $26.16 million. Orion Energy Systems had a negative return on equity of 57.56% and a negative net margin of 21.44%. Equities analysts forecast that Orion Energy Systems will post -0.49 EPS for the current fiscal year.

Institutional Trading of Orion Energy Systems

A number of large investors have recently made changes to their positions in OESX. US Bancorp DE lifted its stake in Orion Energy Systems by 111.5% in the fourth quarter. US Bancorp DE now owns 952,274 shares of the electronics maker’s stock valued at $825,000 after buying an additional 502,023 shares during the last quarter. Grace & White Inc. NY raised its position in Orion Energy Systems by 22.7% in the 3rd quarter. Grace & White Inc. NY now owns 1,035,857 shares of the electronics maker’s stock valued at $1,305,000 after purchasing an additional 191,954 shares during the last quarter. Finally, North Star Investment Management Corp. boosted its stake in Orion Energy Systems by 33.2% during the 4th quarter. North Star Investment Management Corp. now owns 3,813,702 shares of the electronics maker’s stock worth $3,305,000 after purchasing an additional 951,240 shares during the period. 52.59% of the stock is owned by institutional investors and hedge funds.

Orion Energy Systems Company Profile

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.