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

StockNews.com began coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a report released on Wednesday morning. The brokerage issued a hold rating on the electronics maker’s stock.

Separately, HC Wainwright restated a buy rating and set a $3.00 price objective on shares of Orion Energy Systems in a research report on Thursday, August 8th.

Orion Energy Systems Stock Performance

OESX opened at $0.86 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.06 and a current ratio of 1.70. Orion Energy Systems has a 52-week low of $0.81 and a 52-week high of $1.53. The firm has a market cap of $28.00 million, a P/E ratio of -2.31 and a beta of 1.42. The business’s fifty day moving average is $0.90 and its 200-day moving average is $0.96.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings data on Wednesday, August 7th. The electronics maker reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. The firm had revenue of $19.91 million for the quarter, compared to the consensus estimate of $19.16 million. Orion Energy Systems had a negative net margin of 9.47% and a negative return on equity of 48.47%. During the same period in the prior year, the company posted ($0.18) earnings per share. Sell-side analysts expect that Orion Energy Systems will post -0.24 EPS for the current fiscal year.

Institutional Trading of Orion Energy Systems

Several large investors have recently bought and sold shares of the business. US Bancorp DE lifted its holdings in shares of Orion Energy Systems by 111.5% in the fourth quarter. US Bancorp DE now owns 952,274 shares of the electronics maker’s stock worth $825,000 after acquiring an additional 502,023 shares during the last quarter. North Star Investment Management Corp. increased its position 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 in the last quarter. Grace & White Inc. NY lifted its stake in Orion Energy Systems by 0.5% in the 2nd quarter. Grace & White Inc. NY now owns 2,661,955 shares of the electronics maker’s stock valued at $2,955,000 after purchasing an additional 13,011 shares during the last quarter. Finally, Tieton Capital Management LLC boosted its position in Orion Energy Systems by 2.5% in the second quarter. Tieton Capital Management LLC now owns 2,186,931 shares of the electronics maker’s stock valued at $2,427,000 after buying an additional 53,789 shares in the last quarter. 52.59% of the stock is owned by institutional investors and hedge funds.

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.