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

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

Orion Energy Systems Stock Performance

Shares of OESX stock opened at $0.84 on Monday. The business has a fifty day moving average of $0.86 and a 200 day moving average of $0.92. Orion Energy Systems has a 1 year low of $0.68 and a 1 year high of $1.53. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.49 and a quick ratio of 0.93. The firm has a market capitalization of $27.64 million, a price-to-earnings ratio of -3.36 and a beta of 1.32.

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

Institutional Trading of Orion Energy Systems

Hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in Orion Energy Systems by 9.0% during the third 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 during the period. Tieton Capital Management LLC raised its stake in shares of Orion Energy Systems by 2.5% during 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 buying an additional 53,789 shares during the last quarter. Grace & White Inc. NY lifted its holdings in shares of Orion Energy Systems by 1.3% in the 3rd 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 during the period. Finally, North Star Investment Management Corp. boosted its stake in shares of 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 buying an additional 47,300 shares during the last quarter. Institutional investors and hedge funds 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).