Orion Energy Systems (OESX) Upgraded by Zacks Investment Research to “Hold”
Zacks Investment Research upgraded shares of Orion Energy Systems (NASDAQ:OESX) from a sell rating to a hold rating in a research report sent to investors on Wednesday.
According to Zacks, “ORION ENERGY SYSTEMS, INC. is a leading power technology enterprise that designs, manufactures and implements energy management systems, consisting primarily of high-performance, energy efficient lighting systems, controls and related services, for commercial and industrial customers without compromising their quantity or quality of light. “
Several other equities research analysts also recently weighed in on OESX. Roth Capital set a $1.00 target price on shares of Orion Energy Systems and gave the company a hold rating in a research note on Tuesday, August 7th. HC Wainwright set a $2.00 target price on shares of Orion Energy Systems and gave the company a buy rating in a research note on Wednesday, August 8th.
Orion Energy Systems (NASDAQ:OESX) last announced its earnings results on Tuesday, August 7th. The electronics maker reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.02). The firm had revenue of $13.82 million during the quarter, compared to analyst estimates of $14.80 million. Orion Energy Systems had a negative net margin of 15.03% and a negative return on equity of 35.90%. On average, sell-side analysts expect that Orion Energy Systems will post -0.26 EPS for the current year.
An institutional investor recently raised its position in Orion Energy Systems stock. North Star Investment Management Corp. lifted its stake in shares of Orion Energy Systems, Inc. (NASDAQ:OESX) by 6.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,009,813 shares of the electronics maker’s stock after buying an additional 189,685 shares during the period. North Star Investment Management Corp. owned approximately 10.36% of Orion Energy Systems worth $3,311,000 at the end of the most recent quarter. 40.64% of the stock is currently owned by institutional investors.
Orion Energy Systems Company Profile
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.
Featured Article: 52-Week High/Low
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Orion Energy Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orion Energy Systems and related companies with MarketBeat.com's FREE daily email newsletter.