Energy Focus (NASDAQ:EFOI) Lowered to “Neutral” at HC Wainwright

Energy Focus (NASDAQ:EFOI – Get Rating) was downgraded by HC Wainwright from a “buy” rating to a “neutral” rating in a note issued to investors on Friday, Zacks.com reports.

Several other research firms have also recently weighed in on EFOI. Zacks Investment Research cut shares of Energy Focus from a “buy” rating to a “hold” rating in a research report on Monday, January 17th. StockNews.com initiated coverage on shares of Energy Focus in a research report on Monday. They set a “sell” rating on the stock.

EFOI stock opened at $0.89 on Friday. The company’s 50 day moving average is $1.24 and its 200 day moving average is $2.04. The stock has a market cap of $5.72 million, a price-to-earnings ratio of -0.51 and a beta of 2.85. Energy Focus has a 1-year low of $0.76 and a 1-year high of $8.17.

Energy Focus (NASDAQ:EFOI – Get Rating) last posted 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). Energy Focus had a negative return on equity of 183.63% and a negative net margin of 97.59%. During the same quarter in the prior year, the firm earned ($0.45) earnings per share. Equities analysts anticipate that Energy Focus will post -0.89 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC purchased a new stake in shares of Energy Focus during the fourth quarter valued at approximately $83,000. Virtu Financial LLC purchased a new stake in shares of Energy Focus during the fourth quarter valued at approximately $93,000. Citadel Advisors LLC purchased a new stake in shares of Energy Focus during the third quarter valued at approximately $99,000. Millennium Management LLC purchased a new stake in shares of Energy Focus during the third quarter valued at approximately $147,000. Finally, Geode Capital Management LLC boosted its stake in shares of Energy Focus by 207.3% during the third 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 period. 16.14% of the stock is owned by hedge funds and other institutional investors.

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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