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

Stock analysts at StockNews.com started coverage on shares of Orion Energy Systems (NASDAQ:OESXGet Rating) in a research note issued to investors on Saturday. The firm set a “hold” rating on the electronics maker’s stock.

OESX has been the topic of a number of other reports. HC Wainwright decreased their price target on Orion Energy Systems from $12.00 to $7.00 in a research note on Thursday. B. Riley lowered their price target on shares of Orion Energy Systems from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Wednesday, June 8th.

Orion Energy Systems Stock Performance

Shares of NASDAQ OESX opened at $1.69 on Friday. Orion Energy Systems has a fifty-two week low of $1.66 and a fifty-two week high of $5.12. The stock has a market cap of $52.66 million, a PE ratio of 56.33 and a beta of 1.98. The stock has a fifty day moving average of $2.09 and a 200-day moving average of $2.59.

Orion Energy Systems (NASDAQ:OESXGet Rating) last issued its quarterly earnings results on Tuesday, June 7th. The electronics maker reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.05). Orion Energy Systems had a net margin of 0.70% and a return on equity of 1.36%. The business had revenue of $22.06 million for the quarter, compared to the consensus estimate of $27.91 million. On average, sell-side analysts predict that Orion Energy Systems will post 0.17 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Connors Investor Services Inc. grew its position in shares of Orion Energy Systems by 13.1% in the 4th quarter. Connors Investor Services Inc. now owns 60,639 shares of the electronics maker’s stock worth $220,000 after buying an additional 7,000 shares during the last quarter. Wedbush Securities Inc. lifted its stake in Orion Energy Systems by 20.9% in the first quarter. Wedbush Securities Inc. now owns 49,315 shares of the electronics maker’s stock worth $138,000 after acquiring an additional 8,520 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in Orion Energy Systems in the fourth quarter valued at $45,000. Kestra Private Wealth Services LLC bought a new stake in Orion Energy Systems in the first quarter valued at $39,000. Finally, Heartland Advisors Inc. increased its position in Orion Energy Systems by 1.6% during the 4th quarter. Heartland Advisors Inc. now owns 1,333,650 shares of the electronics maker’s stock valued at $4,828,000 after purchasing an additional 20,600 shares during the period. Institutional investors own 53.09% of the company’s stock.

About Orion Energy Systems

(Get Rating)

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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