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

StockNews.com began coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a research report released on Thursday. The brokerage issued a hold rating on the electronics maker’s stock.

Orion Energy Systems Stock Up 0.5 %

Shares of NASDAQ OESX opened at $0.79 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.93 and a current ratio of 1.49. Orion Energy Systems has a one year low of $0.68 and a one year high of $1.53. The company’s fifty day moving average is $0.82 and its two-hundred day moving average is $0.89.

Orion Energy Systems (NASDAQ:OESX) last released its quarterly earnings data on Wednesday, November 6th. The electronics maker reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $19.36 million for the quarter, compared to analysts’ expectations of $19.40 million. During the same period in the prior year, the firm posted ($0.14) EPS. As a group, equities analysts forecast that Orion Energy Systems will post -0.3 EPS for the current year.

Hedge Funds Weigh In On Orion Energy Systems

Several hedge funds have recently bought and sold shares of OESX. Geode Capital Management LLC boosted its position in Orion Energy Systems by 9.0% during the third quarter. Geode Capital Management LLC now owns 312,127 shares of the electronics maker’s stock worth $268,000 after purchasing an additional 25,816 shares in the last quarter. Grace & White Inc. NY raised its stake in shares of Orion Energy Systems by 1.3% during the 3rd quarter. Grace & White Inc. NY now owns 2,695,406 shares of the electronics maker’s stock worth $2,310,000 after buying an additional 33,451 shares during the last quarter. Finally, North Star Investment Management Corp. boosted its position in shares of Orion Energy Systems by 1.2% in the 3rd quarter. North Star Investment Management Corp. now owns 3,933,002 shares of the electronics maker’s stock worth $3,370,000 after buying an additional 47,300 shares in the last quarter. 52.59% of the stock is owned by hedge funds and other institutional investors.

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).