Orion Energy Systems (NASDAQ:OESX) Now Covered by StockNews.com

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

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

Orion Energy Systems Price Performance

Shares of OESX stock opened at $0.88 on Thursday. Orion Energy Systems has a 52-week low of $0.81 and a 52-week high of $1.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.81 and a current ratio of 1.49. The firm has a market capitalization of $28.78 million, a P/E ratio of -1.52 and a beta of 1.59. The stock has a 50 day moving average price of $0.92 and a 200 day moving average price of $0.96.

Orion Energy Systems (NASDAQ:OESX) last issued its quarterly earnings results on Wednesday, February 7th. The electronics maker reported ($0.07) earnings per share (EPS) for the quarter, topping 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 firm had revenue of $25.97 million during the quarter, compared to analyst estimates of $26.16 million. As a group, sell-side analysts predict that Orion Energy Systems will post -0.49 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in OESX. US Bancorp DE grew 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 buying an additional 502,023 shares during the last quarter. Grace & White Inc. NY grew its stake in Orion Energy Systems by 22.7% during the 3rd quarter. Grace & White Inc. NY now owns 1,035,857 shares of the electronics maker’s stock worth $1,305,000 after buying an additional 191,954 shares during the last quarter. Finally, North Star Investment Management Corp. grew its stake in Orion Energy Systems by 33.2% during the 4th quarter. North Star Investment Management Corp. now owns 3,813,702 shares of the electronics maker’s stock worth $3,305,000 after buying an additional 951,240 shares during the last quarter. 52.59% of the stock is currently owned by hedge funds and other institutional investors.

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.