Orion Energy Systems (NASDAQ:OESX) Research Coverage Started at StockNews.com

Posted by Defense World Staff on Jul 22nd, 2024

Investment analysts at StockNews.com began coverage on shares of Orion Energy Systems (NASDAQ:OESX – Get Free Report) in a research report issued on Monday. The brokerage set a “hold” rating on the electronics maker’s stock.

Separately, HC Wainwright reissued a “buy” rating and set a $3.00 price objective on shares of Orion Energy Systems in a report on Friday, June 7th.

Get Our Latest Report on Orion Energy Systems

Orion Energy Systems Price Performance

Shares of NASDAQ OESX opened at $1.03 on Monday. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.44. The company’s fifty day simple moving average is $1.06 and its 200 day simple moving average is $0.99. The firm has a market cap of $33.72 million, a PE ratio of -2.78 and a beta of 1.47. Orion Energy Systems has a 12-month low of $0.81 and a 12-month high of $1.77.

Orion Energy Systems (NASDAQ:OESX – Get Free Report) last released its quarterly earnings results on Thursday, June 6th. The electronics maker reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.07. Orion Energy Systems had a negative return on equity of 53.45% and a negative net margin of 12.89%. The business had revenue of $26.41 million during the quarter, compared to analyst estimates of $28.42 million. As a group, sell-side analysts forecast that Orion Energy Systems will post -0.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Orion Energy Systems

A number of hedge funds have recently made changes to their positions in the business. US Bancorp DE increased its stake in shares of 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 buying an additional 502,023 shares during the period. Grace & White Inc. NY boosted its position in shares of Orion Energy Systems by 154.0% during 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 purchasing an additional 1,594,972 shares in the last quarter. Finally, North Star Investment Management Corp. grew its position in shares of Orion Energy Systems by 1.4% in the 1st 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 period. 52.59% of the stock is currently owned by institutional investors.

Orion Energy Systems Company Profile

(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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