Orion Energy Systems (NASDAQ:OESX) Earns Hold Rating from Analysts at StockNews.com

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

Separately, HC Wainwright reissued a buy rating and issued a $3.00 price target on shares of Orion Energy Systems in a report on Friday, June 7th.

Orion Energy Systems Price Performance

Shares of NASDAQ:OESX opened at $1.09 on Tuesday. The business has a 50-day moving average price of $1.08 and a 200-day moving average price of $0.99. Orion Energy Systems has a 52-week low of $0.81 and a 52-week high of $1.77. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.95 and a current ratio of 1.60.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings data on Thursday, June 6th. The electronics maker reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.07. The business had revenue of $26.41 million during the quarter, compared to analysts’ expectations of $28.42 million. Orion Energy Systems had a negative net margin of 12.89% and a negative return on equity of 53.45%. As a group, equities research analysts predict that Orion Energy Systems will post -0.31 earnings per share for the current year.

Institutional Investors Weigh In On Orion Energy Systems

Several hedge funds have recently modified their holdings of the company. US Bancorp DE raised its position in Orion Energy Systems by 111.5% during the fourth quarter. US Bancorp DE now owns 952,274 shares of the electronics maker’s stock worth $825,000 after acquiring an additional 502,023 shares during the period. Grace & White Inc. NY lifted its stake in Orion Energy Systems by 154.0% in the 4th quarter. Grace & White Inc. NY now owns 2,630,829 shares of the electronics maker’s stock worth $2,280,000 after purchasing an additional 1,594,972 shares in the last quarter. Finally, North Star Investment Management Corp. boosted its holdings in shares of Orion Energy Systems by 1.4% during 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 purchasing an additional 55,000 shares during the last quarter. 52.59% of the stock is owned by hedge funds and other 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.