Orion Energy Systems (NASDAQ:OESX) Coverage Initiated by Analysts at StockNews.com

Stock analysts at StockNews.com began coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a research report issued to clients and investors on Wednesday. The brokerage set 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 note on Wednesday, February 12th.

Orion Energy Systems Stock Up 3.2 %

Shares of NASDAQ OESX opened at $0.75 on Wednesday. The firm has a market cap of $24.84 million, a PE ratio of -3.28 and a beta of 1.39. Orion Energy Systems has a 12-month low of $0.68 and a 12-month high of $1.53. The company’s fifty day simple moving average is $0.82 and its 200 day simple moving average is $0.85. The company has a quick ratio of 0.89, a current ratio of 1.40 and a debt-to-equity ratio of 0.73.

Orion Energy Systems (NASDAQ:OESX) last issued its earnings results on Tuesday, February 11th. The electronics maker reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.01. Orion Energy Systems had a negative net margin of 8.54% and a negative return on equity of 48.85%. As a group, sell-side analysts forecast that Orion Energy Systems will post -0.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Geode Capital Management LLC lifted its stake in shares of 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 buying an additional 25,816 shares in the last quarter. Grace & White Inc. NY lifted 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 in the last quarter. Mariner LLC bought a new position in shares of Orion Energy Systems in the fourth quarter valued at $35,000. Finally, Tieton Capital Management LLC lifted its stake in shares of Orion Energy Systems by 25.6% in the fourth 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 in the last quarter. 52.59% of the stock is owned by 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).