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

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

Orion Energy Systems Stock Down 7.3 %

NASDAQ OESX opened at $1.66 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.27 and a current ratio of 3.64. The firm has a 50-day simple moving average of $1.98 and a 200 day simple moving average of $1.81. Orion Energy Systems has a twelve month low of $1.41 and a twelve month high of $3.42. The stock has a market cap of $53.10 million, a PE ratio of -9.76 and a beta of 1.98.

Orion Energy Systems (NASDAQ:OESXGet Rating) last posted its quarterly earnings results on Tuesday, November 8th. The electronics maker reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.01). Orion Energy Systems had a negative return on equity of 8.02% and a negative net margin of 5.94%. The business had revenue of $17.56 million during the quarter, compared to analyst estimates of $19.10 million. On average, research analysts forecast that Orion Energy Systems will post -0.16 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in OESX. Tieton Capital Management LLC raised its position in Orion Energy Systems by 37.2% in the third quarter. Tieton Capital Management LLC now owns 2,101,080 shares of the electronics maker’s stock worth $3,278,000 after purchasing an additional 569,884 shares in the last quarter. BDO Wealth Advisors LLC acquired a new stake in shares of Orion Energy Systems during the third quarter worth approximately $872,000. Grace & White Inc. NY increased its holdings in shares of Orion Energy Systems by 90.7% during the third quarter. Grace & White Inc. NY now owns 839,844 shares of the electronics maker’s stock worth $1,310,000 after buying an additional 399,531 shares in the last quarter. Annandale Capital LLC acquired a new stake in shares of Orion Energy Systems during the third quarter worth approximately $377,000. Finally, US Bancorp DE increased its holdings in shares of Orion Energy Systems by 4,003.8% during the first quarter. US Bancorp DE now owns 231,821 shares of the electronics maker’s stock worth $649,000 after buying an additional 226,172 shares in the last quarter. Institutional investors and hedge funds own 53.86% of the company’s stock.

About Orion Energy Systems

(Get Rating)

Orion Energy Systems, Inc engages in the design, development, and trade of lighting systems, and retrofit lighting solutions. It operates through the following segments: Orion Services Group Division (OSG), Orion Distribution Services Division (ODS), Orion U.S. Markets Division (USM), and Corporate and Other.

Further Reading

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