Orion Energy Systems (NASDAQ:OESX) Research Coverage Started at StockNews.com

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

Orion Energy Systems Trading Down 0.4 %

OESX stock opened at $0.80 on Wednesday. Orion Energy Systems has a 12-month low of $0.68 and a 12-month high of $1.53. The business’s 50-day moving average is $0.82 and its 200 day moving average is $0.90. The company has a current ratio of 1.49, a quick ratio of 0.93 and a debt-to-equity ratio of 0.77. The stock has a market cap of $26.33 million, a price-to-earnings ratio of -3.20 and a beta of 1.32.

Orion Energy Systems (NASDAQ:OESX) last issued its quarterly earnings results 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 firm had revenue of $19.36 million during the quarter, compared to analyst estimates of $19.40 million. During the same period in the prior year, the firm earned ($0.14) earnings per share. On average, sell-side analysts anticipate that Orion Energy Systems will post -0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Orion Energy Systems

Institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC lifted its stake in Orion Energy Systems by 9.0% in the 3rd quarter. Geode Capital Management LLC now owns 312,127 shares of the electronics maker’s stock worth $268,000 after purchasing an additional 25,816 shares in the last quarter. North Star Investment Management Corp. increased its holdings 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 valued at $3,370,000 after purchasing an additional 47,300 shares during the last quarter. Finally, Grace & White Inc. NY lifted its position 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 worth $2,310,000 after buying an additional 33,451 shares in the last quarter. 52.59% of the stock is currently owned by institutional investors and hedge funds.

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).