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

StockNews.com started coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a research note issued to investors on Sunday morning. The firm issued a hold rating on the electronics maker’s stock.

Separately, HC Wainwright reduced their price objective on shares of 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 Price Performance

NASDAQ OESX opened at $0.98 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.49 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $31.91 million, a PE ratio of -1.69 and a beta of 1.45. The company has a 50 day moving average price of $0.89 and a two-hundred day moving average price of $0.94. Orion Energy Systems has a 12-month low of $0.81 and a 12-month high of $1.94.

Institutional Trading of Orion Energy Systems

A number of institutional investors and hedge funds have recently modified their holdings of the company. North Star Investment Management Corp. lifted its stake in shares of Orion Energy Systems by 1.4% in the first quarter. North Star Investment Management Corp. now owns 3,868,702 shares of the electronics maker’s stock worth $3,367,000 after buying an additional 55,000 shares during the last quarter. Grace & White Inc. NY increased its position in 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 worth $2,305,000 after acquiring an additional 18,115 shares during the period. Finally, US Bancorp DE increased its position in Orion Energy Systems by 111.5% during the fourth quarter. US Bancorp DE now owns 952,274 shares of the electronics maker’s stock worth $825,000 after acquiring an additional 502,023 shares during the period. 52.59% of the stock is currently owned by institutional investors and hedge funds.

About Orion Energy Systems

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.