Orion Energy Systems (NASDAQ:OESX) Earns Hold Rating from Analysts at StockNews.com

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

Separately, HC Wainwright reiterated a “buy” rating and issued a $3.00 price target on shares of Orion Energy Systems in a research note on Wednesday, February 12th.

Orion Energy Systems Stock Performance

OESX stock opened at $0.71 on Friday. The stock’s 50 day simple moving average is $0.80 and its 200 day simple moving average is $0.84. The company has a current ratio of 1.40, a quick ratio of 0.89 and a debt-to-equity ratio of 0.73. Orion Energy Systems has a 12-month low of $0.68 and a 12-month high of $1.53. The stock has a market capitalization of $23.26 million, a PE ratio of -3.07 and a beta of 1.39.

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

Institutional Trading of Orion Energy Systems

Several large investors have recently modified their holdings of OESX. Mariner LLC bought a new position in Orion Energy Systems in the fourth quarter valued at about $35,000. Tieton Capital Management LLC increased its position in shares of Orion Energy Systems by 25.6% during the 4th quarter. Tieton Capital Management LLC now owns 2,661,853 shares of the electronics maker’s stock valued at $2,130,000 after purchasing an additional 541,773 shares during the last quarter. Grace & White Inc. NY lifted its stake in shares of Orion Energy Systems by 1.9% in the 4th quarter. Grace & White Inc. NY now owns 2,745,544 shares of the electronics maker’s stock worth $2,197,000 after purchasing an additional 50,138 shares during the period. Finally, Geode Capital Management LLC boosted its holdings 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 worth $268,000 after buying an additional 25,816 shares during the last quarter. Institutional investors own 52.59% of the company’s stock.

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).