StockNews.com Begins Coverage on Orion Energy Systems (NASDAQ:OESX)

Analysts at StockNews.com initiated coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a research note issued on Tuesday. The brokerage set a “hold” rating on the electronics maker’s stock.

Orion Energy Systems Price Performance

NASDAQ:OESX opened at $0.84 on Tuesday. The business’s 50-day moving average is $0.84 and its 200 day moving average is $0.90. Orion Energy Systems has a 12 month low of $0.68 and a 12 month high of $1.53. The company has a market capitalization of $27.54 million, a P/E ratio of -3.35 and a beta of 1.32. The company has a current ratio of 1.49, a quick ratio of 0.93 and a debt-to-equity ratio of 0.77.

Orion Energy Systems (NASDAQ:OESX) last released its quarterly earnings data on Wednesday, November 6th. The electronics maker reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.02). The firm had revenue of $19.36 million during 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 in the previous year, the firm earned ($0.14) EPS. On average, equities research analysts forecast that Orion Energy Systems will post -0.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Orion Energy Systems

Several institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC increased its holdings in shares of Orion Energy Systems by 9.0% in the 3rd 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. Grace & White Inc. NY increased its stake in Orion Energy Systems by 1.3% during the third quarter. Grace & White Inc. NY now owns 2,695,406 shares of the electronics maker’s stock worth $2,310,000 after acquiring an additional 33,451 shares during the last quarter. North Star Investment Management Corp. increased its stake in Orion Energy Systems by 1.2% during the third quarter. North Star Investment Management Corp. now owns 3,933,002 shares of the electronics maker’s stock worth $3,370,000 after acquiring an additional 47,300 shares during the last quarter. Finally, Tieton Capital Management LLC raised its position in Orion Energy Systems by 2.5% during the second quarter. Tieton Capital Management LLC now owns 2,186,931 shares of the electronics maker’s stock valued at $2,427,000 after purchasing an additional 53,789 shares during the period. Institutional investors own 52.59% of the company’s stock.

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).