Orion Energy Systems (NASDAQ:OESX) Issues Earnings Results

Orion Energy Systems (NASDAQ:OESX) issued its quarterly earnings data on Thursday. The electronics maker reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.53), FiscalAI reports. Orion Energy Systems had a negative return on equity of 31.62% and a negative net margin of 5.62%.The firm had revenue of $25.72 million during the quarter, compared to analyst estimates of $24.08 million.

Orion Energy Systems Stock Performance

Shares of OESX opened at $9.12 on Thursday. The business’s fifty day moving average price is $9.45 and its 200 day moving average price is $12.70. Orion Energy Systems has a 12-month low of $5.50 and a 12-month high of $18.64. The stock has a market capitalization of $36.94 million, a PE ratio of -6.38 and a beta of 0.79. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.35 and a quick ratio of 0.95.

Hedge Funds Weigh In On Orion Energy Systems

Several large investors have recently added to or reduced their stakes in OESX. Quadrature Capital Ltd bought a new position in Orion Energy Systems during the fourth quarter worth $202,000. NewEdge Advisors LLC bought a new stake in shares of Orion Energy Systems during the 4th quarter valued at about $232,000. Finally, Marshall Wace LLP bought a new stake in shares of Orion Energy Systems during the 4th quarter valued at about $706,000. 52.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on OESX. Weiss Ratings lowered shares of Orion Energy Systems from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, May 14th. Zacks Research downgraded shares of Orion Energy Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 6th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $17.50.

Orion Energy Systems Company Profile

Orion Energy Systems, Inc is a U.S.-based provider of energy-efficient lighting and building controls solutions. Founded in 1996 and headquartered in Manitowoc, Wisconsin, the company specializes in designing, manufacturing and deploying LED lighting fixtures and integrated energy management systems for commercial and industrial customers.

The company’s product portfolio includes a range of LED light fixtures, smart sensors, networked controls and cloud-based energy management software.