Posted by admin on Jun 17th, 2022

Equities researchers at StockNews.com initiated coverage on shares of Energy Focus (NASDAQ:EFOI – Get Rating) in a research report issued on Friday. The firm set a “sell” rating on the construction company’s stock.

Separately, HC Wainwright cut Energy Focus from a “buy” rating to a “neutral” rating in a report on Friday, May 13th.

NASDAQ:EFOI opened at $1.84 on Friday. The stock has a market cap of $11.88 million, a P/E ratio of -1.05 and a beta of 2.86. The stock has a 50 day simple moving average of $1.25 and a 200 day simple moving average of $1.85. Energy Focus has a 1-year low of $0.76 and a 1-year high of $6.12.

Energy Focus (NASDAQ:EFOI – Get Rating) last announced its quarterly earnings data on Thursday, May 12th. The construction company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.11). The company had revenue of $2.06 million during the quarter, compared to analyst estimates of $2.31 million. Energy Focus had a negative net margin of 97.59% and a negative return on equity of 183.63%. During the same period in the prior year, the firm earned ($0.45) earnings per share. As a group, equities research analysts predict that Energy Focus will post -1.2 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of EFOI. Geode Capital Management LLC increased its stake in shares of Energy Focus by 207.3% in the 3rd quarter. Geode Capital Management LLC now owns 76,711 shares of the construction company’s stock valued at $238,000 after purchasing an additional 51,746 shares during the last quarter. Millennium Management LLC bought a new position in shares of Energy Focus in the 3rd quarter valued at $147,000. Citadel Advisors LLC bought a new position in shares of Energy Focus in the 3rd quarter valued at $99,000. International Assets Investment Management LLC increased its stake in shares of Energy Focus by 50.3% in the 1st quarter. International Assets Investment Management LLC now owns 82,200 shares of the construction company’s stock valued at $112,000 after purchasing an additional 27,500 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Energy Focus in the 4th quarter valued at $93,000. Institutional investors own 16.14% of the company’s stock.

Energy Focus Company Profile (Get Rating)

Energy Focus, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and sells energy-efficient lighting systems, and controls and ultraviolet-C light disinfection products in the United States and internationally. It offers military maritime market light-emitting diode (LED) lighting products, such as Military-grade Intellitube retrofit TLED and the Invisitube ultra-low EMI TLED; and Military-grade fixtures, including LED globe lights, berth lights; high-bay fixtures and LED retrofit kits to serve the United States navy and allied foreign navies.

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