Orion Energy Systems (NASDAQ:OESX) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a research note issued to investors on Wednesday. The firm set a “hold” rating on the electronics maker’s stock.

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

Orion Energy Systems Price Performance

Shares of OESX opened at $0.85 on Wednesday. The company has a current ratio of 1.70, a quick ratio of 1.06 and a debt-to-equity ratio of 0.70. Orion Energy Systems has a 12 month low of $0.81 and a 12 month high of $1.53. The firm’s 50 day moving average is $0.91 and its 200-day moving average is $0.96. The stock has a market capitalization of $27.67 million, a PE ratio of -2.28 and a beta of 1.43.

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

Institutional Investors Weigh In On Orion Energy Systems

Large investors have recently modified their holdings of the business. US Bancorp DE raised its holdings in shares of Orion Energy Systems by 111.5% during the 4th quarter. US Bancorp DE now owns 952,274 shares of the electronics maker’s stock worth $825,000 after buying an additional 502,023 shares in the last quarter. North Star Investment Management Corp. grew 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 acquiring an additional 55,000 shares during the last quarter. Grace & White Inc. NY raised its stake in Orion Energy Systems by 0.5% during the second quarter. Grace & White Inc. NY now owns 2,661,955 shares of the electronics maker’s stock worth $2,955,000 after acquiring an additional 13,011 shares in the last quarter. Finally, Tieton Capital Management LLC raised its stake 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 acquiring an additional 53,789 shares in the last quarter. Institutional investors and hedge funds own 52.59% of the company’s stock.

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.