Energy Focus (EFOI) Releases Earnings Results, Beats Estimates By $0.02 EPS

Energy Focus (NASDAQ:EFOI) issued its quarterly earnings data on Thursday. The construction company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.02, reports. The firm had revenue of $4.73 million for the quarter, compared to the consensus estimate of $5.83 million. Energy Focus had a negative net margin of 77.18% and a negative return on equity of 45.60%.

Energy Focus (NASDAQ EFOI) traded down $0.35 on Friday, hitting $2.56. 69,400 shares of the company traded hands, compared to its average volume of 28,570. Energy Focus has a 1 year low of $1.51 and a 1 year high of $3.89. The firm has a market cap of $34.50, a PE ratio of -1.74 and a beta of -0.27.

An institutional investor recently raised its position in Energy Focus stock. WealthTrust Axiom LLC lifted its position in Energy Focus Inc (NASDAQ:EFOI) by 9.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 502,949 shares of the construction company’s stock after purchasing an additional 41,805 shares during the period. WealthTrust Axiom LLC owned about 4.24% of Energy Focus worth $1,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 16.86% of the company’s stock.

Several analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Energy Focus from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. B. Riley reissued a “hold” rating and set a $3.00 target price on shares of Energy Focus in a research report on Thursday, November 9th. HC Wainwright reaffirmed a “buy” rating and issued a $6.00 price objective on shares of Energy Focus in a report on Thursday, November 9th. Finally, ValuEngine downgraded shares of Energy Focus from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $3.45.

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Energy Focus Company Profile

Energy Focus, Inc along with its subsidiaries is engaged in the design, development, manufacturing, marketing, installation and sale of lighting systems. The Company is engaged in developing and selling of light-emitting diode (LED) lighting products for military maritime market, and general commercial and industrial markets.

Earnings History for Energy Focus (NASDAQ:EFOI)

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