StockNews.com started coverage on shares of Orion Energy Systems (NASDAQ:OESX – Free Report) in a report issued on Tuesday. The firm issued a hold rating on the electronics maker’s stock.
Separately, HC Wainwright reiterated a buy rating and issued a $3.00 price objective on shares of Orion Energy Systems in a report on Friday, June 7th.
Get Our Latest Analysis on Orion Energy Systems
Orion Energy Systems Trading Down 2.8 %
Orion Energy Systems (NASDAQ:OESX – Get Free Report) last issued its quarterly earnings data on Thursday, June 6th. The electronics maker reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.07. The business had revenue of $26.41 million during the quarter, compared to analyst estimates of $28.42 million. Orion Energy Systems had a negative net margin of 12.89% and a negative return on equity of 53.45%. Equities research analysts predict that Orion Energy Systems will post -0.31 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in OESX. Grace & White Inc. NY raised its holdings in Orion Energy Systems by 154.0% during the 4th quarter. Grace & White Inc. NY now owns 2,630,829 shares of the electronics maker’s stock worth $2,280,000 after purchasing an additional 1,594,972 shares during the last quarter. US Bancorp DE raised its holdings in Orion Energy Systems by 111.5% during the 4th quarter. US Bancorp DE now owns 952,274 shares of the electronics maker’s stock worth $825,000 after purchasing an additional 502,023 shares during the last quarter. Finally, North Star Investment Management Corp. raised its holdings in Orion Energy Systems by 1.4% during the 1st quarter. North Star Investment Management Corp. now owns 3,868,702 shares of the electronics maker’s stock worth $3,367,000 after purchasing an additional 55,000 shares during the last quarter. Institutional investors own 52.59% of the company’s stock.
About Orion Energy Systems
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.
See Also
- Five stocks we like better than Orion Energy Systems
- 3 Fintech Stocks With Good 2021 Prospects
- Should You Invest in Bitcoin? Pros and Cons
- What is the Dow Jones Industrial Average (DJIA)?
- Amazon Stock is Primed to Rebound Strongly After AI Bubble Bursts
- How to Capture the Benefits of Dividend Increases
- Shell Stock: Oil & Gas Giant Committed to Buybacks and Dividends
Receive News & Ratings for Orion Energy Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orion Energy Systems and related companies with MarketBeat.com's FREE daily email newsletter.