Orion Energy Systems (NASDAQ:OESX) Now Covered by Wall Street Zen

Wall Street Zen started coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a research note issued to investors on Thursday. The firm issued a hold rating on the electronics maker’s stock.

Separately, HC Wainwright reiterated a “buy” rating and issued a $3.00 target price on shares of Orion Energy Systems in a report on Wednesday, February 12th.

Orion Energy Systems Stock Performance

Shares of Orion Energy Systems stock opened at $0.69 on Thursday. The company has a market capitalization of $22.87 million, a PE ratio of -3.02 and a beta of 1.27. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.89 and a current ratio of 1.40. The company has a 50-day simple moving average of $0.72 and a two-hundred day simple moving average of $0.80. Orion Energy Systems has a one year low of $0.65 and a one year high of $1.53.

Hedge Funds Weigh In On Orion Energy Systems

Several hedge funds have recently modified their holdings of OESX. Tieton Capital Management LLC increased its holdings in shares of Orion Energy Systems by 25.6% during the fourth quarter. Tieton Capital Management LLC now owns 2,661,853 shares of the electronics maker’s stock valued at $2,130,000 after acquiring an additional 541,773 shares in the last quarter. Thompson Davis & CO. Inc. acquired a new position in shares of Orion Energy Systems during the first quarter valued at about $66,000. Grace & White Inc. NY increased its holdings in shares of Orion Energy Systems by 1.9% during 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 acquiring an additional 50,138 shares in the last quarter. Mariner LLC acquired a new position in shares of Orion Energy Systems during the fourth quarter valued at about $35,000. Finally, US Bancorp DE increased its holdings in shares of Orion Energy Systems by 5.1% during the first quarter. US Bancorp DE now owns 799,508 shares of the electronics maker’s stock valued at $577,000 after acquiring an additional 39,042 shares in the last quarter. Institutional investors and hedge funds 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).