2 weeks Ago By ABMN Staff
StockNews.com started coverage on shares of Orion Energy Systems ( NASDAQ:OESX – Free Report ) in a research note issued to investors on Sunday morning. The firm issued a hold rating on the electronics maker’s stock.
Separately, HC Wainwright reiterated a “buy” rating and set a $3.00 target price on shares of Orion Energy Systems in a research report on Thursday, August 8th. Check Out Our Latest Stock Analysis on Orion Energy Systems Orion Energy Systems Stock Performance Orion Energy Systems ( NASDAQ:OESX – Get Free Report ) last issued its earnings results on Wednesday, August 7th.
The electronics maker reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.
01. The company had revenue of $19.91 million during the quarter, compared to analysts’ expectations of $19.
16 million. Orion Energy Systems had a negative net margin of 9.47% and a negative return on equity of 48.
47%. During the same period last year, the company posted ($0.18) earnings per share.
Equities research analysts predict that Orion Energy Systems will post -0.24 earnings per share for the current fiscal year. Hedge Funds Weigh In On Orion Energy Systems Hedge funds and other institutional investors have recently added to or reduced their stakes in the business.
Tieton Capital Management LLC grew its position in shares of Orion Energy Systems by 2.5% in the second quarter. Tieton Capital Management LLC now owns 2,186,931 shares of the electronics maker’s stock valued at $2,427,000 after purchasing an additional 53,789 shares during the last quarter.
North Star Investment Management Corp. lifted its stake in 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 buying an additional 47,300 shares in the last quarter. Finally, Grace & White Inc.
NY grew its holdings in Orion Energy Systems by 1.3% during the 3rd quarter. Grace & White Inc.
NY now owns 2,695,406 shares of the electronics maker’s stock valued at $2,310,000 after buying an additional 33,451 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, 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). Recommended Stories Receive News & Ratings for Orion Energy Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orion Energy Systems and related companies with MarketBeat.
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