StockNews.com Begins Coverage on Orion Energy Systems (NASDAQ:OESX)

StockNews.com initiated coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a research note issued to investors on Thursday. 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 target on shares of Orion Energy Systems in a research note on Thursday, August 8th.

Orion Energy Systems Trading Down 3.9 %

NASDAQ OESX opened at $0.88 on Thursday. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.44. The stock’s 50-day simple moving average is $1.07 and its two-hundred day simple moving average is $0.98. Orion Energy Systems has a twelve month low of $0.81 and a twelve month high of $1.60. The company has a market capitalization of $28.81 million, a price-to-earnings ratio of -2.38 and a beta of 1.47.

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 firm had revenue of $26.41 million for the quarter, compared to analyst estimates of $28.42 million. Orion Energy Systems had a negative return on equity of 53.45% and a negative net margin of 12.89%. Research analysts forecast that Orion Energy Systems will post -0.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of OESX. Tieton Capital Management LLC lifted its stake in shares of Orion Energy Systems by 2.5% in the 2nd quarter. Tieton Capital Management LLC now owns 2,186,931 shares of the electronics maker’s stock valued at $2,427,000 after acquiring an additional 53,789 shares during the last quarter. Grace & White Inc. NY lifted 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 during the last quarter. North Star Investment Management Corp. lifted its position in Orion Energy Systems by 1.4% in the first quarter. North Star Investment Management Corp. now owns 3,868,702 shares of the electronics maker’s stock valued at $3,367,000 after purchasing an additional 55,000 shares during the last quarter. Finally, US Bancorp DE boosted its stake in shares of Orion Energy Systems by 111.5% during the fourth quarter. US Bancorp DE now owns 952,274 shares of the electronics maker’s stock valued at $825,000 after purchasing an additional 502,023 shares during the period. 52.59% of the stock is owned by 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.