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 released on Friday morning. The brokerage issued a hold rating on the electronics maker’s stock.

Orion Energy Systems Trading Up 0.9 %

Orion Energy Systems stock opened at $0.84 on Friday. The firm has a 50 day moving average of $0.89 and a 200 day moving average of $0.96. The firm has a market capitalization of $27.55 million, a price-to-earnings ratio of -3.35 and a beta of 1.33. Orion Energy Systems has a 12-month low of $0.68 and a 12-month high of $1.53. The company has a current ratio of 1.49, a quick ratio of 0.93 and a debt-to-equity ratio of 0.77.

Orion Energy Systems (NASDAQ:OESX) last released its earnings results on Wednesday, November 6th. The electronics maker reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.02). The firm had revenue of $19.36 million during the quarter, compared to analysts’ expectations of $19.40 million. Orion Energy Systems had a negative return on equity of 48.81% and a negative net margin of 8.76%. During the same period in the prior year, the company posted ($0.14) earnings per share. As a group, research analysts predict that Orion Energy Systems will post -0.3 earnings per share for the current year.

Institutional Investors Weigh In On Orion Energy Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OESX. Tieton Capital Management LLC increased its holdings in Orion Energy Systems by 2.5% in the 2nd quarter. Tieton Capital Management LLC now owns 2,186,931 shares of the electronics maker’s stock worth $2,427,000 after acquiring an additional 53,789 shares in the last quarter. North Star Investment Management Corp. boosted its stake in Orion Energy Systems by 1.2% in the 3rd quarter. North Star Investment Management Corp. now owns 3,933,002 shares of the electronics maker’s stock worth $3,370,000 after purchasing an additional 47,300 shares during the period. Grace & White Inc. NY boosted its stake in Orion Energy Systems by 1.3% in the 3rd quarter. Grace & White Inc. NY now owns 2,695,406 shares of the electronics maker’s stock worth $2,310,000 after purchasing an additional 33,451 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Orion Energy Systems by 9.0% in the 3rd quarter. Geode Capital Management LLC now owns 312,127 shares of the electronics maker’s stock worth $268,000 after purchasing an additional 25,816 shares during the period. 52.59% of the stock is owned by hedge funds and other institutional investors.

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).