Orion Energy Systems’ (OESX) Buy Rating Reiterated at HC Wainwright

Orion Energy Systems (NASDAQ:OESX)‘s stock had its “buy” rating reiterated by investment analysts at HC Wainwright in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $3.00 price target on the electronics maker’s stock. HC Wainwright’s target price would suggest a potential upside of 270.37% from the stock’s previous close.

Separately, StockNews.com assumed coverage on Orion Energy Systems in a report on Friday, February 7th. They set a “hold” rating for the company.

Orion Energy Systems Stock Performance

NASDAQ:OESX opened at $0.81 on Wednesday. The stock has a market cap of $26.66 million, a P/E ratio of -3.24 and a beta of 1.36. The stock has a 50 day simple moving average of $0.82 and a 200 day simple moving average of $0.87. The company has a current ratio of 1.49, a quick ratio of 0.93 and a debt-to-equity ratio of 0.77. Orion Energy Systems has a 1-year low of $0.68 and a 1-year high of $1.53.

Orion Energy Systems (NASDAQ:OESX) last released its quarterly earnings results on Tuesday, February 11th. The electronics maker reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.01. Orion Energy Systems had a negative return on equity of 48.81% and a negative net margin of 8.76%. Research analysts anticipate that Orion Energy Systems will post -0.3 earnings per share for the current year.

Hedge Funds Weigh In On Orion Energy Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OESX. Tieton Capital Management LLC increased its stake in shares of Orion Energy Systems by 25.6% in the 4th quarter. Tieton Capital Management LLC now owns 2,661,853 shares of the electronics maker’s stock valued at $2,130,000 after purchasing an additional 541,773 shares during the last quarter. Grace & White Inc. NY increased its stake in shares of Orion Energy Systems by 1.9% in the 4th quarter. Grace & White Inc. NY now owns 2,745,544 shares of the electronics maker’s stock valued at $2,197,000 after purchasing an additional 50,138 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of 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 valued at $268,000 after purchasing an additional 25,816 shares during the last quarter. Finally, North Star Investment Management Corp. increased its stake in shares of Orion Energy Systems by 1.2% in the 3rd 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 last quarter. 52.59% of the stock is owned by institutional investors and hedge funds.

Orion Energy Systems Company Profile

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).