StockNews.com launched coverage on the shares of Energy Focus (NASDAQ:EFOI – Get a rating) in a report released Monday. The company has placed a “sell” rating on the shares of the construction company.
The EFOI has been the subject of several other research reports. HC Wainwright cut its price target on Energy Focus from $11.00 to $6.00 and set a “buy” rating on the stock in a Friday, March 18 report. Zacks Investment Research downgraded Energy Focus from a “buy” rating to a “hold” rating in a Monday, January 17 report.
The NASDAQ EFOI opened at $0.86 on Monday. The company has a fifty-day moving average price of $1.26 and a 200-day moving average price of $2.06. Energy Focus has a 1-year low of $0.76 and a 1-year high of $8.17. The company has a market capitalization of $5.54 million, a P/E ratio of -0.49 and a beta of 2.85.
Energy Focus (NASDAQ:EFOI – Get Rating) last released its quarterly earnings data on Thursday, May 12. The construction company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.11). Energy Focus recorded a negative net margin of 97.59% and a negative return on equity of 166.70%. During the same period last year, the company made ($0.45) earnings per share. On average, research analysts expect Energy Focus to post EPS of -0.89 for the current fiscal year.
A number of hedge funds and other institutional investors have recently increased or reduced their stakes in EFOI. Squarepoint Ops LLC acquired a new position in Energy Focus in the fourth quarter worth approximately $83,000. Virtu Financial LLC acquired a new position in Energy Focus in the fourth quarter worth approximately $93,000. International Assets Investment Management LLC increased its holdings in Energy Focus by 50.3% in the first quarter. International Assets Investment Management LLC now owns 82,200 shares of the construction company valued at $112,000 after buying an additional 27,500 shares last quarter. Citadel Advisors LLC acquired a new position in Energy Focus in the third quarter worth approximately $99,000. Finally, Millennium Management LLC acquired a new position in Energy Focus in the third quarter worth approximately $147,000. 16.14% of the stock is held by institutional investors.
Energy Focus Company Profile (Get a 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 around the world. It offers light-emitting diode (LED) lighting products for the military marine market, such as the military-grade Intellitube retrofit TLED and the ultra-low EMI Invisitube TLED; and military-grade fixtures, including LED light globes, berth lights; high bay luminaires and LED retrofit kits to serve the US Navy and allied foreign navies.
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