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

StockNews.com began coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a report released on Thursday morning. The brokerage issued a hold rating on the electronics maker’s stock.

Separately, HC Wainwright decreased their target price on Orion Energy Systems from $7.00 to $3.00 and set a buy rating for the company in a report on Thursday, February 8th.

Orion Energy Systems Stock Performance

NASDAQ:OESX opened at $0.84 on Thursday. Orion Energy Systems has a fifty-two week low of $0.81 and a fifty-two week high of $1.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.49 and a quick ratio of 0.81. The business has a 50 day moving average price of $0.91 and a 200-day moving average price of $0.96.

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

Hedge Funds Weigh In On Orion Energy Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Grace & White Inc. NY raised its holdings in shares of Orion Energy Systems by 0.7% during the first quarter. Grace & White Inc. NY now owns 2,648,944 shares of the electronics maker’s stock valued at $2,305,000 after acquiring an additional 18,115 shares in the last quarter. US Bancorp DE raised its holdings in Orion Energy Systems by 111.5% in the fourth quarter. US Bancorp DE now owns 952,274 shares of the electronics maker’s stock worth $825,000 after purchasing an additional 502,023 shares in the last quarter. Finally, North Star Investment Management Corp. raised its holdings in Orion Energy Systems by 33.2% in the fourth quarter. North Star Investment Management Corp. now owns 3,813,702 shares of the electronics maker’s stock worth $3,305,000 after purchasing an additional 951,240 shares in the last quarter. Institutional investors own 52.59% of the company’s stock.

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.