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 released on Friday morning. The brokerage issued a hold rating on the electronics maker’s stock.

Orion Energy Systems Trading Down 1.8 %

Shares of NASDAQ:OESX opened at $0.80 on Friday. The business’s 50-day moving average is $0.82 and its 200 day moving average is $0.88. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.49 and a quick ratio of 0.93. Orion Energy Systems has a 1 year low of $0.68 and a 1 year high of $1.53. The firm has a market capitalization of $26.32 million, a P/E ratio of -3.20 and a beta of 1.36.

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

Institutional Investors Weigh In On Orion Energy Systems

Several institutional investors and hedge funds have recently made changes to their positions in OESX. Geode Capital Management LLC raised 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 acquiring an additional 25,816 shares during the last quarter. Grace & White Inc. NY increased its holdings in shares of Orion Energy Systems by 1.3% in 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 purchasing an additional 33,451 shares during the period. Finally, 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 period. 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).