Orion Energy Systems (OESX) Issues Earnings Results, Misses Estimates By $0.01 EPS
Orion Energy Systems (NASDAQ:OESX) issued its quarterly earnings data on Tuesday. The electronics maker reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.01), MarketWatch Earnings reports. Orion Energy Systems had a negative return on equity of 35.90% and a negative net margin of 15.03%. Orion Energy Systems updated its FY 2019 guidance to EPS.
Shares of NASDAQ OESX opened at $0.81 on Wednesday. Orion Energy Systems has a 1 year low of $0.70 and a 1 year high of $1.25. The stock has a market cap of $24.71 million, a PE ratio of -2.13 and a beta of 0.75. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.08 and a current ratio of 1.64.
A hedge fund recently raised its stake in Orion Energy Systems stock. North Star Investment Management Corp. boosted its position in Orion Energy Systems, Inc. (NASDAQ:OESX) by 3.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,100,813 shares of the electronics maker’s stock after buying an additional 91,000 shares during the quarter. North Star Investment Management Corp. owned approximately 10.54% of Orion Energy Systems worth $2,977,000 at the end of the most recent quarter. Institutional investors own 40.86% of the company’s stock.
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About Orion Energy Systems
Orion Energy Systems, Inc researches, designs, develops, manufactures, implements, markets, and sells energy management systems for the commercial office and retail, area lighting, and industrial markets in North America. The company operates in three segments: Orion U.S. Markets Division, Orion Engineered Systems Division, and Orion Distribution Services Division.
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