Orion Energy Systems (NASDAQ:OESX) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Orion Energy Systems (NASDAQ:OESXFree Report) in a research report sent to investors on Monday morning. The brokerage issued a hold rating on the electronics maker’s stock.

Separately, HC Wainwright dropped their target price on shares of Orion Energy Systems from $7.00 to $3.00 and set a buy rating on the stock in a research report on Thursday, February 8th.

View Our Latest Stock Report on Orion Energy Systems

Orion Energy Systems Price Performance

OESX stock opened at $0.91 on Monday. The company’s fifty day simple moving average is $0.97 and its 200 day simple moving average is $1.01. Orion Energy Systems has a 12-month low of $0.81 and a 12-month high of $2.03. The company has a quick ratio of 0.81, a current ratio of 1.49 and a debt-to-equity ratio of 0.48. The firm has a market cap of $29.63 million, a price-to-earnings ratio of -1.57 and a beta of 1.59.

Orion Energy Systems (NASDAQ:OESXGet Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The electronics maker reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.05. Orion Energy Systems had a negative net margin of 21.44% and a negative return on equity of 57.56%. The firm had revenue of $25.97 million during the quarter, compared to the consensus estimate of $26.16 million. On average, analysts expect that Orion Energy Systems will post -0.49 earnings per share for the current year.

Institutional Investors Weigh In On Orion Energy Systems

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. purchased a new position in shares of Orion Energy Systems in the second quarter worth $26,000. Kestra Private Wealth Services LLC purchased a new position in shares of Orion Energy Systems in the first quarter valued at about $39,000. Victory Capital Management Inc. bought a new position in shares of Orion Energy Systems during the fourth quarter valued at about $61,000. Manatuck Hill Partners LLC bought a new position in shares of Orion Energy Systems during the fourth quarter valued at about $91,000. Finally, Cox Capital Mgt LLC bought a new stake in shares of Orion Energy Systems in the third quarter worth about $101,000. 52.59% of the stock is owned by hedge funds and other institutional investors.

Orion Energy Systems Company Profile

(Get Free Report)

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.

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