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

StockNews.com started coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a research note issued to investors on Thursday. The firm issued a hold rating on the electronics maker’s stock.

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

Orion Energy Systems Price Performance

OESX stock opened at $0.76 on Thursday. 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 business has a 50-day simple moving average of $0.81 and a two-hundred day simple moving average of $0.84. The company has a market capitalization of $24.91 million, a P/E ratio of -3.29 and a beta of 1.39. Orion Energy Systems has a 52-week low of $0.68 and a 52-week high of $1.53.

Orion Energy Systems (NASDAQ:OESX) last announced its 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 return on equity of 48.85% and a negative net margin of 8.54%. Research analysts expect that Orion Energy Systems will post -0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Orion Energy Systems

Several institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its stake in Orion Energy Systems by 9.0% in the third quarter. Geode Capital Management LLC now owns 312,127 shares of the electronics maker’s stock valued at $268,000 after purchasing an additional 25,816 shares during the last quarter. Grace & White Inc. NY raised its stake in shares of Orion Energy Systems by 1.9% in the fourth 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. Tieton Capital Management LLC lifted its position 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 valued at $2,130,000 after buying an additional 541,773 shares during the last quarter. Finally, Mariner LLC bought a new position in shares of Orion Energy Systems during the 4th quarter worth $35,000. Institutional investors own 52.59% of the company’s stock.

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).