StockNews.com initiated coverage on shares of Orion Energy Systems (NASDAQ:OESX – Free Report) in a report published on Wednesday. The brokerage issued a hold rating on the electronics maker’s stock.
Separately, HC Wainwright reiterated a buy rating and set a $3.00 price target on shares of Orion Energy Systems in a research report on Friday, June 7th.
Get Our Latest Analysis on OESX
Orion Energy Systems Stock Down 2.0 %
Orion Energy Systems (NASDAQ:OESX – Get Free Report) last issued its quarterly 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 business 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%. On average, analysts anticipate that Orion Energy Systems will post -0.31 EPS for the current year.
Institutional Investors Weigh In On Orion Energy Systems
A number of institutional investors have recently made changes to their positions in OESX. US Bancorp DE increased its stake 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 purchasing an additional 502,023 shares in the last quarter. Tieton Capital Management LLC grew its holdings in shares of 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 valued at $2,427,000 after buying an additional 53,789 shares during the period. Grace & White Inc. NY increased its position in shares of Orion Energy Systems by 154.0% in 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 buying an additional 1,594,972 shares in the last quarter. Finally, North Star Investment Management Corp. raised its stake in Orion Energy Systems by 1.4% during the 1st quarter. North Star Investment Management Corp. now owns 3,868,702 shares of the electronics maker’s stock worth $3,367,000 after buying an additional 55,000 shares during the period. 52.59% of the stock is owned by institutional investors and hedge funds.
About Orion Energy Systems
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.
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