StockNews.com Begins Coverage on Orion Energy Systems (NASDAQ:OESX)

StockNews.com initiated coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a report published on Sunday. The brokerage issued a hold rating on the electronics maker’s stock.

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

Orion Energy Systems Stock Performance

Shares of Orion Energy Systems stock opened at $0.79 on Friday. Orion Energy Systems has a 52 week low of $0.65 and a 52 week high of $1.53. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.89 and a current ratio of 1.40. The stock has a market capitalization of $25.95 million, a price-to-earnings ratio of -3.42 and a beta of 1.42. The firm has a fifty day moving average of $0.77 and a two-hundred day moving average of $0.83.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings results on Tuesday, February 11th. The electronics maker reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate 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%. As a group, equities research analysts predict that Orion Energy Systems will post -0.32 EPS for the current year.

Institutional Trading of Orion Energy Systems

Institutional investors have recently added to or reduced their stakes in the company. Mariner LLC acquired a new stake in Orion Energy Systems in the 4th quarter worth about $35,000. Geode Capital Management LLC lifted its position in shares of Orion Energy Systems by 9.0% during the 3rd quarter. Geode Capital Management LLC now owns 312,127 shares of the electronics maker’s stock valued at $268,000 after acquiring an additional 25,816 shares during the period. Grace & White Inc. NY increased its position in shares of Orion Energy Systems by 1.4% in the first quarter. Grace & White Inc. NY now owns 2,784,586 shares of the electronics maker’s stock worth $2,008,000 after purchasing an additional 39,042 shares during the period. Finally, Tieton Capital Management LLC lifted its position in Orion Energy Systems by 25.6% during the fourth quarter. Tieton Capital Management LLC now owns 2,661,853 shares of the electronics maker’s stock worth $2,130,000 after purchasing an additional 541,773 shares during the period. 52.59% of the stock is currently owned by institutional investors.

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).