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

Equities research analysts at StockNews.com began coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a report issued on Wednesday. The firm set a “hold” rating on the electronics maker’s stock.

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

Orion Energy Systems Stock Performance

OESX opened at $0.87 on Wednesday. Orion Energy Systems has a 12-month low of $0.81 and a 12-month high of $1.94. The stock has a market cap of $28.33 million, a price-to-earnings ratio of -1.50 and a beta of 1.60. The business has a 50 day moving average of $0.94 and a 200-day moving average of $0.98. The company has a quick ratio of 0.81, a current ratio of 1.49 and a debt-to-equity ratio of 0.48.

Orion Energy Systems (NASDAQ:OESX) last released its quarterly earnings data on Wednesday, February 7th. The electronics maker reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.05. Orion Energy Systems had a negative return on equity of 57.56% and a negative net margin of 21.44%. The company had revenue of $25.97 million during the quarter, compared to analysts’ expectations of $26.16 million. On average, equities research analysts expect that Orion Energy Systems will post -0.49 earnings per share for the current year.

Hedge Funds Weigh In On Orion Energy Systems

A number of large investors have recently made changes to their positions in the company. North Star Investment Management Corp. increased its stake in shares of Orion Energy Systems by 33.2% during the fourth quarter. North Star Investment Management Corp. now owns 3,813,702 shares of the electronics maker’s stock worth $3,305,000 after purchasing an additional 951,240 shares during the period. Grace & White Inc. NY increased its stake in Orion Energy Systems by 154.0% during the 4th quarter. Grace & White Inc. NY now owns 2,630,829 shares of the electronics maker’s stock worth $2,280,000 after acquiring an additional 1,594,972 shares during the period. Tieton Capital Management LLC increased its stake in Orion Energy Systems by 0.9% during the 2nd quarter. Tieton Capital Management LLC now owns 2,219,240 shares of the electronics maker’s stock worth $3,617,000 after acquiring an additional 20,349 shares during the period. US Bancorp DE increased its stake in Orion Energy Systems by 111.5% during the 4th quarter. US Bancorp DE now owns 952,274 shares of the electronics maker’s stock worth $825,000 after acquiring an additional 502,023 shares during the period. Finally, Geode Capital Management LLC increased its stake in Orion Energy Systems by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 259,474 shares of the electronics maker’s stock worth $472,000 after acquiring an additional 5,688 shares during the period. Institutional investors own 52.59% of the company’s stock.

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.