Energy Focus (NASDAQ:EFOI) Receives New Coverage from Analysts at initiated coverage on shares of Energy Focus (NASDAQ:EFOIGet Rating) in a note issued to investors on Saturday. The firm set a “sell” rating on the construction company’s stock.

EFOI has been the subject of a number of other reports. Zacks Investment Research lowered shares of Energy Focus from a “buy” rating to a “hold” rating in a research note on Monday, January 17th. HC Wainwright dropped their target price on shares of Energy Focus from $11.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, March 18th.

NASDAQ:EFOI opened at $1.12 on Friday. The firm has a market capitalization of $7.23 million, a price-to-earnings ratio of -0.64 and a beta of 2.93. The firm’s fifty day simple moving average is $1.32 and its 200 day simple moving average is $2.21. Energy Focus has a twelve month low of $1.10 and a twelve month high of $8.17.

Energy Focus (NASDAQ:EFOIGet Rating) last released its quarterly earnings results on Thursday, March 17th. The construction company reported ($0.50) earnings per share (EPS) for the quarter. The firm had revenue of $2.41 million for the quarter, compared to analysts’ expectations of $3.08 million. Energy Focus had a negative return on equity of 161.01% and a negative net margin of 79.94%. Equities research analysts forecast that Energy Focus will post -0.89 EPS for the current year.

A number of institutional investors have recently modified their holdings of the business. Geode Capital Management LLC increased its position in shares of Energy Focus by 207.3% during the 3rd quarter. Geode Capital Management LLC now owns 76,711 shares of the construction company’s stock worth $238,000 after purchasing an additional 51,746 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Energy Focus in the third quarter valued at approximately $147,000. Citadel Advisors LLC acquired a new stake in shares of Energy Focus in the third quarter valued at approximately $99,000. Virtu Financial LLC acquired a new stake in shares of Energy Focus in the fourth quarter valued at approximately $93,000. Finally, Squarepoint Ops LLC acquired a new position in Energy Focus during the fourth quarter worth $83,000. 6.41% of the stock is owned by hedge funds and other institutional investors.

About Energy Focus (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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