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

StockNews.com initiated coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a research report sent to investors on Friday. The brokerage issued a hold rating on the electronics maker’s stock.

Orion Energy Systems Price Performance

Shares of OESX opened at $0.80 on Friday. The business’s 50-day moving average is $0.82 and its two-hundred day moving average is $0.88. The company has a market capitalization of $26.32 million, a P/E ratio of -3.20 and a beta of 1.36. Orion Energy Systems has a fifty-two week low of $0.68 and a fifty-two week high of $1.53. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.93 and a current ratio of 1.49.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings results on Wednesday, November 6th. The electronics maker reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.02). Orion Energy Systems had a negative net margin of 8.76% and a negative return on equity of 48.81%. The company had revenue of $19.36 million for the quarter, compared to analysts’ expectations of $19.40 million. During the same quarter in the prior year, the business posted ($0.14) earnings per share. Research analysts predict that Orion Energy Systems will post -0.3 earnings per share for the current year.

Hedge Funds Weigh In On Orion Energy Systems

Several large investors have recently made changes to their positions in the company. Grace & White Inc. NY increased its holdings in Orion Energy Systems by 1.9% in the fourth quarter. Grace & White Inc. NY now owns 2,745,544 shares of the electronics maker’s stock valued at $2,197,000 after buying an additional 50,138 shares in the last quarter. North Star Investment Management Corp. boosted its stake in shares of Orion Energy Systems by 1.2% during the 3rd quarter. North Star Investment Management Corp. now owns 3,933,002 shares of the electronics maker’s stock worth $3,370,000 after acquiring an additional 47,300 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Orion Energy Systems by 9.0% during the 3rd quarter. Geode Capital Management LLC now owns 312,127 shares of the electronics maker’s stock valued at $268,000 after acquiring an additional 25,816 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, 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).