StockNews.com Begins Coverage on Orion Energy Systems (NASDAQ:OESX)

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

Separately, HC Wainwright reaffirmed a buy rating and issued a $3.00 price objective on shares of Orion Energy Systems in a research report on Friday, June 7th.

Get Our Latest Research Report on Orion Energy Systems

Orion Energy Systems Price Performance

Shares of NASDAQ:OESX opened at $1.53 on Thursday. The company has a market cap of $49.83 million, a P/E ratio of -4.14 and a beta of 1.61. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.44. Orion Energy Systems has a 52 week low of $0.81 and a 52 week high of $1.82. The business has a fifty day simple moving average of $0.98 and a 200-day simple moving average of $0.96.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE boosted 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 valued at $825,000 after acquiring an additional 502,023 shares during the last quarter. Grace & White Inc. NY boosted its holdings in Orion Energy Systems by 154.0% in 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 acquiring an additional 1,594,972 shares during the last quarter. Finally, North Star Investment Management Corp. boosted 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 valued at $3,305,000 after acquiring an additional 951,240 shares during the last quarter. Institutional investors and hedge funds own 52.59% of the company’s stock.

About Orion Energy Systems

(Get Free Report)

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.

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