Orion Energy Systems (NASDAQ:OESX) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a research report sent to investors on Wednesday morning. The firm issued 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 report on Wednesday, February 12th.

Orion Energy Systems Price Performance

OESX stock opened at $0.69 on Wednesday. The stock has a 50-day moving average price of $0.73 and a two-hundred day moving average price of $0.81. The stock has a market cap of $22.76 million, a PE ratio of -3.00 and a beta of 1.27. The company has a current ratio of 1.40, a quick ratio of 0.89 and a debt-to-equity ratio of 0.73. Orion Energy Systems has a 1 year low of $0.65 and a 1 year high of $1.53.

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

Hedge Funds Weigh In On Orion Energy Systems

Several hedge funds have recently modified their holdings of the stock. Grace & White Inc. NY grew its holdings in shares of Orion Energy Systems by 1.4% in the 1st quarter. Grace & White Inc. NY now owns 2,784,586 shares of the electronics maker’s stock valued at $2,008,000 after acquiring an additional 39,042 shares in the last quarter. Tieton Capital Management LLC grew its holdings 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 acquiring an additional 541,773 shares in the last quarter. US Bancorp DE grew its holdings in shares of Orion Energy Systems by 5.1% in the 1st quarter. US Bancorp DE now owns 799,508 shares of the electronics maker’s stock valued at $577,000 after acquiring an additional 39,042 shares in the last quarter. Thompson Davis & CO. Inc. bought a new position in shares of Orion Energy Systems in the 1st quarter valued at about $66,000. Finally, Mariner LLC bought a new position in shares of Orion Energy Systems in the 4th quarter valued at about $35,000. Institutional investors own 52.59% of the company’s stock.

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).