Orion Energy Systems (OESX) Posts Quarterly Results
Orion Energy Systems (NASDAQ:OESX) announced its earnings results on Monday. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by $0.08, ARN reports. The company had revenue of $13.30 million for the quarter, compared to the consensus estimate of $16.02 million. The company’s quarterly revenue was down 36.4% on a year-over-year basis.
Orion Energy Systems (NASDAQ:OESX) traded up 3.84% on Monday, hitting $4.33. 176,011 shares of the company’s stock traded hands. Orion Energy Systems has a 52 week low of $3.08 and a 52 week high of $8.11. The stock has a 50-day moving average of $4.23 and a 200-day moving average of $5.29. The company’s market cap is $94.1 million.
A number of analysts have recently weighed in on OESX shares. Analysts at Zacks upgraded shares of Orion Energy Systems from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 15th. They now have a $4.40 price target on the stock. On a related note, analysts at TheStreet downgraded shares of Orion Energy Systems from a “hold” rating to a “sell” rating in a research note on Thursday, May 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $7.47.
Orion Energy Systems, Inc is a power technology enterprise. The Company researches, develops, designs, manufactures, markets and implements energy management systems consisting primarily of commercial interior and exterior lighting systems, controls, power data management and cloud-based data storage and related services.
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