Orion Energy Systems (NASDAQ:OESX) Now Covered by Analysts at StockNews.com

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

Separately, HC Wainwright restated a buy rating and issued a $3.00 price objective on shares of Orion Energy Systems in a research note on Friday, June 7th.

Orion Energy Systems Price Performance

NASDAQ OESX opened at $1.03 on Monday. The firm’s fifty day simple moving average is $1.07 and its two-hundred day simple moving average is $0.99. The firm has a market capitalization of $33.72 million, a P/E ratio of -2.84 and a beta of 1.47. The company has a current ratio of 1.60, a quick ratio of 0.95 and a debt-to-equity ratio of 0.44. Orion Energy Systems has a 12-month low of $0.81 and a 12-month high of $1.77.

Orion Energy Systems (NASDAQ:OESX) last announced its earnings results on Thursday, June 6th. The electronics maker reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.07. The company had revenue of $26.41 million for the quarter, compared to analyst estimates of $28.42 million. Orion Energy Systems had a negative return on equity of 53.45% and a negative net margin of 12.89%. Analysts forecast that Orion Energy Systems will post -0.31 EPS for the current fiscal year.

Institutional Trading of Orion Energy Systems

A number of hedge funds have recently modified their holdings of the stock. US Bancorp DE lifted its holdings in Orion Energy Systems by 111.5% in the fourth quarter. US Bancorp DE now owns 952,274 shares of the electronics maker’s stock valued at $825,000 after acquiring an additional 502,023 shares during the period. Grace & White Inc. NY increased its holdings in shares of 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 valued at $2,280,000 after purchasing an additional 1,594,972 shares in the last quarter. Finally, North Star Investment Management Corp. lifted its stake in shares of Orion Energy Systems by 1.4% in the 1st quarter. North Star Investment Management Corp. now owns 3,868,702 shares of the electronics maker’s stock valued at $3,367,000 after purchasing an additional 55,000 shares during the period. Hedge funds and other institutional investors own 52.59% of the company’s stock.

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.