Energy Focus (NASDAQ:EFOI) Releases Quarterly Earnings Results, Misses Estimates By $0.11 EPS

Energy Focus (NASDAQ:EFOI – Get Rating) issued its quarterly earnings data on Thursday. The construction company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.11), MarketWatch Earnings reports. Energy Focus had a negative net margin of 79.94% and a negative return on equity of 161.01%. During the same quarter in the previous year, the business earned ($0.45) earnings per share.

EFOI traded up $0.06 during trading on Friday, reaching $0.86. 141,141 shares of the company were exchanged, compared to its average volume of 52,302. The firm has a 50 day moving average of $1.26 and a 200 day moving average of $2.07. Energy Focus has a 52 week low of $0.76 and a 52 week high of $8.17.

A number of hedge funds have recently made changes to their positions in EFOI. Geode Capital Management LLC lifted its holdings in shares of Energy Focus by 207.3% in the third quarter. Geode Capital Management LLC now owns 76,711 shares of the construction company’s stock valued at $238,000 after buying an additional 51,746 shares during the period. Millennium Management LLC acquired a new stake in shares of Energy Focus in the third quarter valued at $147,000. Citadel Advisors LLC acquired a new stake in shares of Energy Focus in the third quarter valued at $99,000. International Assets Investment Management LLC lifted its holdings in shares of Energy Focus by 50.3% in the first quarter. International Assets Investment Management LLC now owns 82,200 shares of the construction company’s stock valued at $112,000 after buying an additional 27,500 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of Energy Focus in the fourth quarter valued at $93,000. Institutional investors own 16.14% of the company’s stock.

Several equities research analysts have recently commented on EFOI shares. Zacks Investment Research cut Energy Focus from a “buy” rating to a “hold” rating in a research note on Monday, January 17th. StockNews.com began coverage on Energy Focus in a report on Sunday, May 8th. They issued a “sell” rating on the stock. Finally, HC Wainwright lowered their target price on Energy Focus from $11.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, March 18th.

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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