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

StockNews.com assumed coverage on shares of Orion Energy Systems (NASDAQ:OESXGet Free Report) in a report released on Monday. The brokerage set a “hold” rating on the electronics maker’s stock.

Separately, HC Wainwright dropped their target price on Orion Energy Systems from $7.00 to $3.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th.

Get Our Latest Analysis on OESX

Orion Energy Systems Stock Performance

Shares of NASDAQ OESX opened at $0.98 on Monday. Orion Energy Systems has a 52-week low of $0.81 and a 52-week high of $1.94. The company has a quick ratio of 0.81, a current ratio of 1.49 and a debt-to-equity ratio of 0.48. The firm’s 50-day moving average price is $0.89 and its 200-day moving average price is $0.94. The company has a market cap of $31.80 million, a PE ratio of -1.68 and a beta of 1.45.

Institutional Investors Weigh In On Orion Energy Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Grace & White Inc. NY lifted its holdings in shares of Orion Energy Systems by 154.0% in the fourth quarter. Grace & White Inc. NY now owns 2,630,829 shares of the electronics maker’s stock worth $2,280,000 after buying an additional 1,594,972 shares in the last quarter. North Star Investment Management Corp. raised its stake in shares of Orion Energy Systems by 33.2% in the fourth quarter. North Star Investment Management Corp. now owns 3,813,702 shares of the electronics maker’s stock valued at $3,305,000 after acquiring an additional 951,240 shares during the period. Finally, US Bancorp DE lifted its stake in Orion Energy Systems by 111.5% in 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 owned by hedge funds and other institutional investors.

About Orion Energy Systems

(Get Free Report)

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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