Orion Energy Systems Receives New Coverage from StockNews.com

On January 24, 2025, investment analysts at StockNews.com announced that they have begun coverage of Orion Energy Systems (NASDAQ:OESX). In their report, they issued a "hold" rating on the electronics manufacturer's stock.

Analyzing Orion Energy Systems Stock Performance

On the day of the announcement, shares of NASDAQ:OESX opened at $0.81. Orion Energy Systems has a market capitalization of $26.49 million, a price-to-earnings ratio of -3.22, and a beta of 1.32. The company's 50-day simple moving average is $0.83, while the 200-day simple moving average stands at $0.90. Its financial ratios include a debt-to-equity ratio of 0.77, a current ratio of 1.49, and a quick ratio of 0.93. The stock's performance in the past year has seen a low of $0.68 and a high of $1.53.

The latest earnings report from Orion Energy Systems, dated November 6, revealed that the company reported earnings per share (EPS) of ($0.11) for the last quarter. This figure fell short of analysts' expectations, which were targeted at ($0.09), resulting in a miss of $0.02. The company's negative net margin stands at 8.76%, coupled with a negative return on equity of 48.81%. Orion reported revenues of $19.36 million for the quarter, which narrowly missed analysts' estimates of $19.40 million. Comparatively, for the same quarter the previous year, Orion Energy Systems had posted an EPS of ($0.14). Analysts predict that the company will conclude the current year with an EPS of -0.3.

Institutional Investment Trends

Recent activity among hedge funds indicates a shift in holdings regarding Orion Energy Systems. Grace & White Inc. NY increased its stake in OESX by 1.3% during the third quarter, now owning 2,695,406 shares valued at approximately $2,310,000 after purchasing an additional 33,451 shares. Similarly, North Star Investment Management Corp. raised its position by 1.2%, bringing its total to 3,933,002 shares valued at $3,370,000 following an acquisition of 47,300 shares in the last quarter. Additionally, Geode Capital Management LLC expanded its stake by 9.0%, increasing their ownership to 312,127 shares worth about $268,000 after acquiring 25,816 shares. Overall, institutional investors own 52.59% of Orion Energy Systems' stock.

Company Overview

Orion Energy Systems, Inc., along with its subsidiaries, specializes in researching, designing, developing, manufacturing, marketing, selling, installing, and implementing energy management systems across North America and Germany. Its operations are divided into three segments: Lighting, Maintenance, and Electric Vehicle (EV).

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