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

Research analysts at StockNews.com assumed coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a report issued on Tuesday. The brokerage set a “hold” rating on the electronics maker’s stock.

Separately, HC Wainwright reiterated a “buy” rating and set a $3.00 target price on shares of Orion Energy Systems in a research report on Wednesday, February 12th.

Orion Energy Systems Trading Up 2.7 %

Shares of OESX stock opened at $0.77 on Tuesday. The company has a market capitalization of $25.39 million, a price-to-earnings ratio of -3.35 and a beta of 1.39. The company has a current ratio of 1.40, a quick ratio of 0.89 and a debt-to-equity ratio of 0.73. The firm has a 50-day moving average price of $0.83 and a 200 day moving average price of $0.85. Orion Energy Systems has a twelve month low of $0.68 and a twelve month high of $1.53.

Orion Energy Systems (NASDAQ:OESX) last posted its quarterly earnings data on Tuesday, February 11th. The electronics maker reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. Orion Energy Systems had a negative net margin of 8.54% and a negative return on equity of 48.85%. Research analysts forecast that Orion Energy Systems will post -0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Orion Energy Systems

Institutional investors have recently bought and sold shares of the stock. Mariner LLC acquired a new position in shares of Orion Energy Systems in the 4th quarter valued at $35,000. Tieton Capital Management LLC boosted its holdings in Orion Energy Systems by 25.6% in the fourth quarter. Tieton Capital Management LLC now owns 2,661,853 shares of the electronics maker’s stock valued at $2,130,000 after acquiring an additional 541,773 shares during the last quarter. Grace & White Inc. NY grew its position in Orion Energy Systems by 1.9% during the fourth quarter. Grace & White Inc. NY now owns 2,745,544 shares of the electronics maker’s stock valued at $2,197,000 after acquiring an additional 50,138 shares during the period. Finally, Geode Capital Management LLC increased its stake in Orion Energy Systems by 9.0% during the third quarter. Geode Capital Management LLC now owns 312,127 shares of the electronics maker’s stock worth $268,000 after acquiring an additional 25,816 shares during the last quarter. 52.59% of the stock is currently owned by hedge funds and other institutional investors.

About Orion Energy Systems

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).