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

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

Orion Energy Systems Price Performance

Shares of NASDAQ OESX opened at $0.76 on Tuesday. 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 firm has a fifty day moving average of $0.83 and a 200 day moving average of $0.85. The firm has a market cap of $25.04 million, a PE ratio of -3.30 and a beta of 1.39. Orion Energy Systems has a one year low of $0.68 and a one 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) EPS for the quarter, topping 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%. As a group, research analysts predict that Orion Energy Systems will post -0.32 EPS for the current fiscal year.

Institutional Trading of Orion Energy Systems

A number of hedge funds and other institutional investors have recently modified their holdings of OESX. Mariner LLC acquired a new stake in Orion Energy Systems during the fourth quarter worth about $35,000. Geode Capital Management LLC grew 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 buying an additional 25,816 shares during the period. Tieton Capital Management LLC increased its holdings in shares of Orion Energy Systems by 25.6% during the 4th quarter. Tieton Capital Management LLC now owns 2,661,853 shares of the electronics maker’s stock worth $2,130,000 after buying an additional 541,773 shares during the last quarter. Finally, Grace & White Inc. NY raised its position in shares of Orion Energy Systems by 1.9% during 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 buying an additional 50,138 shares during the period. 52.59% of the stock is owned by institutional investors and hedge funds.

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).