Energy Focus (NASDAQ:EFOI) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Energy Focus (NASDAQ:EFOIGet Rating) in a research report issued to clients and investors on Tuesday. The brokerage set a “sell” rating on the construction company’s stock.

Separately, HC Wainwright lowered Energy Focus from a “buy” rating to a “neutral” rating in a research note on Friday, May 13th.

Shares of Energy Focus stock opened at $0.90 on Tuesday. Energy Focus has a twelve month low of $0.76 and a twelve month high of $8.17. The business has a 50-day moving average price of $1.18 and a 200 day moving average price of $1.96. The firm has a market cap of $5.81 million, a PE ratio of -0.51 and a beta of 2.85.

Energy Focus (NASDAQ:EFOIGet Rating) last posted its quarterly earnings data on Thursday, May 12th. The construction company reported ($0.44) EPS 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 period in the previous year, the business earned ($0.45) EPS. Sell-side analysts anticipate that Energy Focus will post -1.2 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the company. Squarepoint Ops LLC acquired a new position in shares of Energy Focus during the 4th quarter worth approximately $83,000. Virtu Financial LLC acquired a new position in shares of Energy Focus during the 4th quarter worth approximately $93,000. Citadel Advisors LLC acquired a new position in shares of Energy Focus during the 3rd quarter worth approximately $99,000. Millennium Management LLC acquired a new position in shares of Energy Focus during the 3rd quarter worth approximately $147,000. Finally, Geode Capital Management LLC boosted its holdings 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 during the last quarter. Institutional investors and hedge funds own 16.14% of the company’s stock.

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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