Orion Energy Systems’ (OESX) Buy Rating Reiterated at HC Wainwright

Orion Energy Systems (NASDAQ:OESX)‘s stock had its “buy” rating reissued by research analysts at HC Wainwright in a research report issued on Wednesday,Benzinga reports. They presently have a $3.00 target price on the electronics maker’s stock. HC Wainwright’s price target would suggest a potential upside of 270.37% from the company’s current price.

Separately, StockNews.com started coverage on Orion Energy Systems in a research report on Friday, February 7th. They set a “hold” rating on the stock.

Orion Energy Systems Trading Down 2.4 %

Shares of OESX stock opened at $0.81 on Wednesday. The firm has a market capitalization of $26.66 million, a P/E ratio of -3.24 and a beta of 1.36. Orion Energy Systems has a twelve month low of $0.68 and a twelve month high of $1.53. The company has a quick ratio of 0.93, a current ratio of 1.49 and a debt-to-equity ratio of 0.77. The stock’s fifty day simple moving average is $0.82 and its 200 day simple moving average is $0.87.

Orion Energy Systems (NASDAQ:OESX) last issued its quarterly earnings data on Tuesday, February 11th. The electronics maker reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. Orion Energy Systems had a negative return on equity of 48.81% and a negative net margin of 8.76%. As a group, sell-side analysts predict that Orion Energy Systems will post -0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Orion Energy Systems

A number of institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its stake in shares of Orion Energy Systems by 9.0% in the 3rd quarter. Geode Capital Management LLC now owns 312,127 shares of the electronics maker’s stock valued at $268,000 after purchasing an additional 25,816 shares during the period. Tieton Capital Management LLC lifted its stake in shares of Orion Energy Systems by 25.6% in 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 purchasing an additional 541,773 shares during the period. Grace & White Inc. NY lifted its stake in shares of Orion Energy Systems by 1.9% in 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 purchasing an additional 50,138 shares during the period. Finally, North Star Investment Management Corp. lifted its stake in shares of Orion Energy Systems by 1.2% in the 3rd quarter. North Star Investment Management Corp. now owns 3,933,002 shares of the electronics maker’s stock valued at $3,370,000 after purchasing an additional 47,300 shares during the period. 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).