Orion Energy Systems (NASDAQ:OESX) Posts Earnings Results

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

Orion Energy Systems Stock Down 3.8%

NASDAQ OESX opened at $9.12 on Thursday. Orion Energy Systems has a fifty-two week low of $5.50 and a fifty-two week high of $18.64. The company has a quick ratio of 0.95, a current ratio of 1.35 and a debt-to-equity ratio of 0.76. The stock has a market cap of $36.94 million, a PE ratio of -6.38 and a beta of 0.79. The business has a 50 day moving average price of $9.45 and a two-hundred day moving average price of $12.70.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Zacks Research lowered shares of Orion Energy Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. 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. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $17.50.

Hedge Funds Weigh In On Orion Energy Systems

Institutional investors have recently added to or reduced their stakes in the company. Quadrature Capital Ltd acquired a new position in Orion Energy Systems in the 4th quarter worth $202,000. Marshall Wace LLP acquired a new position in Orion Energy Systems in the 4th quarter worth $706,000. Finally, NewEdge Advisors LLC acquired a new position in Orion Energy Systems in the 4th quarter worth $232,000. Institutional investors and hedge funds own 52.59% of the company’s stock.

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.