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

Research analysts at StockNews.com initiated coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a research report issued to clients and investors on Friday. The firm set a “hold” rating on the electronics maker’s stock.

Separately, HC Wainwright lowered their price objective on Orion Energy Systems from $7.00 to $3.00 and set a “buy” rating for the company in a research note on Thursday, February 8th.

Orion Energy Systems Trading Up 1.6 %

NASDAQ OESX opened at $0.87 on Friday. The company has a market cap of $28.33 million, a price-to-earnings ratio of -1.50 and a beta of 1.45. The business has a 50 day moving average price of $0.89 and a 200-day moving average price of $0.95. The company has a quick ratio of 0.81, a current ratio of 1.49 and a debt-to-equity ratio of 0.48. Orion Energy Systems has a 52 week low of $0.81 and a 52 week high of $1.94.

Orion Energy Systems (NASDAQ:OESX) last issued its quarterly earnings data on Wednesday, February 7th. The electronics maker reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.05. Orion Energy Systems had a negative net margin of 21.44% and a negative return on equity of 57.56%. The firm had revenue of $25.97 million during the quarter, compared to analysts’ expectations of $26.16 million. As a group, equities analysts expect that Orion Energy Systems will post -0.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Orion Energy Systems

A number of hedge funds have recently bought and sold shares of OESX. Grace & White Inc. NY lifted its position in shares of Orion Energy Systems by 154.0% during the fourth quarter. Grace & White Inc. NY now owns 2,630,829 shares of the electronics maker’s stock valued at $2,280,000 after purchasing an additional 1,594,972 shares in the last quarter. North Star Investment Management Corp. increased its stake in Orion Energy Systems by 33.2% in the 4th quarter. North Star Investment Management Corp. now owns 3,813,702 shares of the electronics maker’s stock valued at $3,305,000 after buying an additional 951,240 shares during the last quarter. Finally, US Bancorp DE increased its stake in Orion Energy Systems by 111.5% in the 4th quarter. US Bancorp DE now owns 952,274 shares of the electronics maker’s stock valued at $825,000 after buying an additional 502,023 shares during the last quarter. 52.59% of the stock is owned by hedge funds and other institutional investors.

Orion Energy Systems Company Profile

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.