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

Investment analysts at StockNews.com initiated coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a research note issued on Monday. The firm set a “hold” rating on the electronics maker’s stock.

Separately, HC Wainwright reiterated a “buy” rating and set a $3.00 price target on shares of Orion Energy Systems in a report on Thursday, August 8th.

Orion Energy Systems Trading Down 2.1 %

Shares of Orion Energy Systems stock opened at $0.85 on Monday. The stock has a 50 day moving average of $0.96 and a 200 day moving average of $0.96. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.06 and a current ratio of 1.70. The firm has a market capitalization of $27.86 million, a price-to-earnings ratio of -2.30 and a beta of 1.43. Orion Energy Systems has a fifty-two week low of $0.81 and a fifty-two week high of $1.53.

Orion Energy Systems (NASDAQ:OESX) last issued its quarterly earnings results on Wednesday, August 7th. The electronics maker reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. The company had revenue of $19.91 million for the quarter, compared to analyst estimates of $19.16 million. Orion Energy Systems had a negative net margin of 9.47% and a negative return on equity of 48.47%. During the same period in the prior year, the firm earned ($0.18) earnings per share. As a group, research analysts predict that Orion Energy Systems will post -0.24 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. US Bancorp DE lifted its stake 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 purchasing an additional 502,023 shares during the last quarter. Tieton Capital Management LLC raised its holdings in Orion Energy Systems by 2.5% during the second quarter. Tieton Capital Management LLC now owns 2,186,931 shares of the electronics maker’s stock worth $2,427,000 after purchasing an additional 53,789 shares in the last quarter. Grace & White Inc. NY lifted its position in shares of Orion Energy Systems by 0.5% during the 2nd quarter. Grace & White Inc. NY now owns 2,661,955 shares of the electronics maker’s stock worth $2,955,000 after buying an additional 13,011 shares during the last quarter. Finally, North Star Investment Management Corp. boosted its holdings in shares of Orion Energy Systems by 1.4% in the 1st quarter. North Star Investment Management Corp. now owns 3,868,702 shares of the electronics maker’s stock valued at $3,367,000 after buying an additional 55,000 shares in the last quarter. 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.