Orion Energy Systems (NASDAQ:OESX) Now Covered by StockNews.com

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

Separately, HC Wainwright reiterated a “buy” rating on shares of Orion Energy Systems in a research report on Wednesday, June 7th.

Get Orion Energy Systems alerts:

Orion Energy Systems Stock Performance

Shares of NASDAQ OESX opened at $1.81 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.06 and a quick ratio of 1.31. The firm has a market cap of $58.44 million, a price-to-earnings ratio of -1.68 and a beta of 1.94. The stock’s fifty day moving average price is $1.59 and its two-hundred day moving average price is $1.81. Orion Energy Systems has a one year low of $1.38 and a one year high of $2.45.

Insiders Place Their Bets

In related news, Director Ellen B. Richstone purchased 16,815 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was acquired at an average price of $1.78 per share, with a total value of $29,930.70. Following the completion of the purchase, the director now directly owns 151,721 shares in the company, valued at $270,063.38. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Kestra Private Wealth Services LLC acquired a new position in Orion Energy Systems during the first quarter worth about $39,000. Susquehanna International Group LLP bought a new stake in shares of Orion Energy Systems during the fourth quarter worth about $44,000. Victory Capital Management Inc. bought a new stake in shares of Orion Energy Systems during the fourth quarter worth about $61,000. Manatuck Hill Partners LLC bought a new stake in shares of Orion Energy Systems during the fourth quarter worth about $91,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Orion Energy Systems by 46.6% during the third quarter. Bank of New York Mellon Corp now owns 96,525 shares of the electronics maker’s stock worth $151,000 after purchasing an additional 30,704 shares during the last quarter. Institutional investors and hedge funds own 56.39% of the company’s stock.

Orion Energy Systems Company Profile

(Get Rating)

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.

Featured Articles

• Get a free research report on Orion Energy Systems from StockNews.com
• MarketBeat Week in Review – 6/19 – 6/23
• CarMax Stock Flying On Earnings Beat, Return Of The Highs?
• Commercial Metals Company Shakes Off The Rust: Confirms Uptrend
• Smith & Wesson, A Timeless Value Play At Decade Lows
• Five stocks we like better than Orion Energy Systems

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.com's FREE daily email newsletter.