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

Orion Energy Systems Stock Up 1.2 %

NASDAQ:OESX opened at $0.84 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.49 and a quick ratio of 0.93. The firm has a market cap of $27.64 million, a PE ratio of -3.36 and a beta of 1.32. The company has a 50-day moving average of $0.86 and a 200 day moving average of $0.92. Orion Energy Systems has a 1-year low of $0.68 and a 1-year high of $1.53.

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

Institutional Investors Weigh In On Orion Energy Systems

A number of institutional investors have recently added to or reduced their stakes in the stock. Tieton Capital Management LLC lifted its position in shares of Orion Energy Systems by 2.5% during 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 during the last quarter. North Star Investment Management Corp. lifted its position in Orion Energy Systems by 1.2% during the third quarter. North Star Investment Management Corp. now owns 3,933,002 shares of the electronics maker’s stock valued at $3,370,000 after acquiring an additional 47,300 shares during the last quarter. Grace & White Inc. NY lifted its position in Orion Energy Systems by 1.3% during the third quarter. Grace & White Inc. NY now owns 2,695,406 shares of the electronics maker’s stock valued at $2,310,000 after acquiring an additional 33,451 shares during the last quarter. Finally, Geode Capital Management LLC boosted 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 acquiring an additional 25,816 shares in the last quarter. Institutional investors own 52.59% of the company’s stock.

Orion Energy Systems Company Profile

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).