Orion Energy Systems (NASDAQ:OESX) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a research report sent to investors on Saturday. The brokerage issued a hold rating on the electronics maker’s stock.

Orion Energy Systems Stock Up 3.7 %

Orion Energy Systems stock opened at $0.84 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.93 and a current ratio of 1.49. Orion Energy Systems has a one year low of $0.68 and a one year high of $1.53. The company has a 50-day simple moving average of $0.89 and a 200-day simple moving average of $0.95. The firm has a market capitalization of $27.64 million, a P/E ratio of -3.36 and a beta of 1.33.

Orion Energy Systems (NASDAQ:OESX) last issued its quarterly earnings data on Wednesday, November 6th. The electronics maker reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.02). Orion Energy Systems had a negative return on equity of 48.81% and a negative net margin of 8.76%. The business had revenue of $19.36 million during the quarter, compared to the consensus estimate of $19.40 million. During the same period last year, the company earned ($0.14) earnings per share. As a group, equities analysts expect that Orion Energy Systems will post -0.3 earnings per share for the current year.

Institutional Investors Weigh In On Orion Energy Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in Orion Energy Systems by 9.0% during the 3rd quarter. Geode Capital Management LLC now owns 312,127 shares of the electronics maker’s stock valued at $268,000 after purchasing an additional 25,816 shares in the last quarter. Tieton Capital Management LLC lifted its holdings in shares of Orion Energy Systems by 2.5% in the second quarter. Tieton Capital Management LLC now owns 2,186,931 shares of the electronics maker’s stock valued at $2,427,000 after buying an additional 53,789 shares during the period. Grace & White Inc. NY boosted its stake in Orion Energy Systems by 1.3% during the third quarter. Grace & White Inc. NY now owns 2,695,406 shares of the electronics maker’s stock valued at $2,310,000 after buying an additional 33,451 shares in the last quarter. Finally, North Star Investment Management Corp. raised its position in Orion Energy Systems by 1.2% in the third quarter. North Star Investment Management Corp. now owns 3,933,002 shares of the electronics maker’s stock worth $3,370,000 after acquiring an additional 47,300 shares in the last quarter. Institutional investors own 52.59% of the company’s stock.

About Orion Energy Systems

Orion Energy Systems, Inc, together with its subsidiaries, researches, designs, develops, manufactures, markets, sells, installs, and implements energy management systems for commercial office and retail, area lighting, industrial applications, and government in North America and Germany. It operates in three segments: Lighting, Maintenance, and Electric Vehicle (EV).