Orion Energy Systems (NASDAQ:OESX) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a research report issued on Monday. The firm set a “hold” rating on the electronics maker’s stock.

Orion Energy Systems Stock Performance

Shares of OESX stock opened at $0.83 on Monday. 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 $0.86 and its 200-day simple moving average is $0.92. The firm has a market cap of $27.31 million, a PE ratio of -3.32 and a beta of 1.32. The company has a quick ratio of 0.93, a current ratio of 1.49 and a debt-to-equity ratio of 0.77.

Orion Energy Systems (NASDAQ:OESX) last issued its quarterly earnings results on Wednesday, November 6th. The electronics maker reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.02). The business had revenue of $19.36 million for the quarter, compared to the consensus estimate of $19.40 million. Orion Energy Systems had a negative return on equity of 48.81% and a negative net margin of 8.76%. During the same period last year, the firm earned ($0.14) earnings per share. Equities research analysts expect 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 and hedge funds have recently made changes to their positions in OESX. Geode Capital Management LLC grew 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. Tieton Capital Management LLC grew its position 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 acquiring an additional 53,789 shares during the period. Grace & White Inc. NY grew its position in shares of Orion Energy Systems by 1.3% in the 3rd 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 period. Finally, North Star Investment Management Corp. increased its stake in shares of Orion Energy Systems by 1.2% during 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 purchasing an additional 47,300 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).