Orion Energy Systems (NASDAQ:OESX) Earns Hold Rating from Analysts at StockNews.com

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

Separately, HC Wainwright reissued a “buy” rating and set a $3.00 price target on shares of Orion Energy Systems in a report on Wednesday, February 12th.

Orion Energy Systems Stock Performance

Shares of NASDAQ OESX opened at $0.74 on Wednesday. Orion Energy Systems has a 12-month low of $0.65 and a 12-month high of $1.53. The firm has a market capitalization of $24.35 million, a price-to-earnings ratio of -3.21 and a beta of 1.27. The company has a current ratio of 1.40, a quick ratio of 0.89 and a debt-to-equity ratio of 0.73. The firm has a 50 day moving average of $0.73 and a 200 day moving average of $0.80.

Orion Energy Systems (NASDAQ:OESX) last issued its quarterly earnings data on Tuesday, February 11th. The electronics maker reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. Orion Energy Systems had a negative net margin of 8.54% and a negative return on equity of 48.85%. On average, research analysts anticipate that Orion Energy Systems will post -0.32 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in OESX. Tieton Capital Management LLC grew its holdings in Orion Energy Systems by 25.6% during the 4th quarter. Tieton Capital Management LLC now owns 2,661,853 shares of the electronics maker’s stock valued at $2,130,000 after buying an additional 541,773 shares in the last quarter. Thompson Davis & CO. Inc. bought a new position in shares of Orion Energy Systems during the 1st quarter valued at approximately $66,000. Grace & White Inc. NY boosted its position in shares of Orion Energy Systems by 1.9% during the 4th quarter. Grace & White Inc. NY now owns 2,745,544 shares of the electronics maker’s stock valued at $2,197,000 after acquiring an additional 50,138 shares during the last quarter. Mariner LLC purchased a new position in shares of Orion Energy Systems in the fourth quarter valued at $35,000. Finally, US Bancorp DE grew its holdings in shares of Orion Energy Systems by 5.1% in the first quarter. US Bancorp DE now owns 799,508 shares of the electronics maker’s stock valued at $577,000 after purchasing an additional 39,042 shares in the last quarter. Hedge funds and other institutional investors own 52.59% of the company’s stock.

About Orion Energy Systems

Orion Energy Systems, Inc, together with its subsidiaries, researches, designs, develops, manufactures, markets, sells, installs, and implements energy management systems for commercial office and retail, area lighting, industrial applications, and government in North America and Germany. It operates in three segments: Lighting, Maintenance, and Electric Vehicle (EV).