StockNews.com started coverage on shares of Orion Energy Systems (NASDAQ:OESX – Free Report) in a report published on Friday. The firm issued a hold rating on the electronics maker’s stock.
Separately, HC Wainwright reiterated a buy rating and set a $3.00 price target on shares of Orion Energy Systems in a research report on Friday, June 7th.
View Our Latest Stock Analysis on OESX
Orion Energy Systems Stock Performance
Orion Energy Systems (NASDAQ:OESX – Get Free Report) last released its earnings results on Thursday, June 6th. The electronics maker reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.07. Orion Energy Systems had a negative return on equity of 53.45% and a negative net margin of 12.89%. The firm had revenue of $26.41 million during the quarter, compared to the consensus estimate of $28.42 million. Analysts anticipate that Orion Energy Systems will post -0.31 earnings per share for the current year.
Hedge Funds Weigh In On Orion Energy Systems
A number of institutional investors have recently added to or reduced their stakes in the stock. North Star Investment Management Corp. grew its stake in shares of Orion Energy Systems by 1.4% during the first quarter. North Star Investment Management Corp. now owns 3,868,702 shares of the electronics maker’s stock worth $3,367,000 after buying an additional 55,000 shares during the last quarter. Grace & White Inc. NY grew its position in Orion Energy Systems by 0.7% during the 1st quarter. Grace & White Inc. NY now owns 2,648,944 shares of the electronics maker’s stock worth $2,305,000 after acquiring an additional 18,115 shares during the last quarter. Finally, US Bancorp DE grew its holdings in shares of Orion Energy Systems by 111.5% during the fourth quarter. US Bancorp DE now owns 952,274 shares of the electronics maker’s stock worth $825,000 after purchasing an additional 502,023 shares during the last quarter. 52.59% of the stock is currently owned by institutional investors and hedge funds.
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.
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