Orion Energy Systems (NASDAQ:OESX) Issues Earnings Results

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

Orion Energy Systems Stock Performance

Shares of Orion Energy Systems stock opened at $9.12 on Thursday. The stock has a market cap of $36.94 million, a price-to-earnings ratio of -6.38 and a beta of 0.79. The firm’s 50-day moving average is $9.45 and its 200 day moving average is $12.70. Orion Energy Systems has a 1 year low of $5.50 and a 1 year high of $18.64. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.35 and a quick ratio of 0.95.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Weiss Ratings lowered shares of Orion Energy Systems from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, May 14th. Zacks Research lowered shares of Orion Energy Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 6th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Orion Energy Systems presently has a consensus rating of “Hold” and an average price target of $17.50.

Hedge Funds Weigh In On Orion Energy Systems

Hedge funds have recently bought and sold shares of the company. Marshall Wace LLP bought a new position in Orion Energy Systems in the 4th quarter worth about $706,000. NewEdge Advisors LLC bought a new position in Orion Energy Systems in the 4th quarter worth about $232,000. Finally, Quadrature Capital Ltd bought a new position in Orion Energy Systems in the 4th quarter worth about $202,000. Institutional investors own 52.59% of the company’s stock.

About Orion Energy Systems

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.