Orion Energy Systems (NASDAQ:OESX) Now Covered by Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a report issued on Thursday. The firm set a “hold” rating on the electronics maker’s stock.

Separately, HC Wainwright dropped their price target on Orion Energy Systems from $7.00 to $3.00 and set a “buy” rating for the company in a research note on Thursday, February 8th.

Orion Energy Systems Stock Performance

Shares of NASDAQ:OESX opened at $0.85 on Thursday. The firm has a market capitalization of $27.58 million, a PE ratio of -1.46 and a beta of 1.59. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.49 and a quick ratio of 0.81. The business has a 50-day moving average of $0.91 and a two-hundred day moving average of $0.96. Orion Energy Systems has a 12 month low of $0.81 and a 12 month high of $1.94.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings results on Wednesday, February 7th. The electronics maker reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.05. The company had revenue of $25.97 million during the quarter, compared to analyst estimates of $26.16 million. Orion Energy Systems had a negative return on equity of 57.56% and a negative net margin of 21.44%. As a group, research analysts forecast that Orion Energy Systems will post -0.49 earnings per share for the current year.

Institutional Investors Weigh In On Orion Energy Systems

Several hedge funds have recently modified their holdings of the stock. Grace & White Inc. NY raised its holdings in shares of Orion Energy Systems by 0.7% during the 1st quarter. Grace & White Inc. NY now owns 2,648,944 shares of the electronics maker’s stock valued at $2,305,000 after buying an additional 18,115 shares during the period. US Bancorp DE raised its holdings in shares of Orion Energy Systems by 111.5% during the 4th quarter. US Bancorp DE now owns 952,274 shares of the electronics maker’s stock valued at $825,000 after buying an additional 502,023 shares during the period. Finally, North Star Investment Management Corp. raised its holdings in shares of Orion Energy Systems by 33.2% during the 4th quarter. North Star Investment Management Corp. now owns 3,813,702 shares of the electronics maker’s stock valued at $3,305,000 after buying an additional 951,240 shares during the period. 52.59% of the stock is currently owned by hedge funds and other institutional investors.

Orion Energy Systems Company Profile

Orion Energy Systems, Inc researches, designs, develops, manufactures, markets, sells, installs, and implements energy management systems for commercial office and retail, exterior area lighting, and industrial applications in North America. The company operates through three segments: Orion Services Group, Orion Distribution Services, and Orion U.S.