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

Stock analysts at StockNews.com started coverage on shares of Orion Energy Systems (NASDAQ:OESX – Get Rating) in a research report issued on Thursday. The firm set a “hold” rating on the electronics maker’s stock.

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $7.00 price objective on shares of Orion Energy Systems in a report on Friday, February 10th.

Orion Energy Systems Stock Performance

Shares of NASDAQ OESX opened at $1.47 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.11 and a quick ratio of 1.24. The stock’s fifty day moving average price is $1.71 and its two-hundred day moving average price is $1.85. Orion Energy Systems has a one year low of $1.41 and a one year high of $2.45. The firm has a market cap of $45.20 million, a price-to-earnings ratio of -1.53 and a beta of 1.94.

Institutional Trading of Orion Energy Systems

Institutional investors and hedge funds have recently modified their holdings of the business. Kestra Private Wealth Services LLC bought a new stake in shares of Orion Energy Systems during the 1st quarter worth $39,000. Susquehanna International Group LLP bought a new stake in shares of Orion Energy Systems during the 4th quarter worth $44,000. Victory Capital Management Inc. bought a new position in Orion Energy Systems in the fourth quarter valued at about $61,000. Manatuck Hill Partners LLC bought a new position in Orion Energy Systems in the fourth quarter valued at about $91,000. Finally, State Street Corp raised its position in Orion Energy Systems by 35.1% in the first quarter. State Street Corp now owns 85,608 shares of the electronics maker’s stock valued at $240,000 after purchasing an additional 22,258 shares during the last quarter. 53.86% of the stock is currently owned by institutional investors.

About Orion Energy Systems

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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.