Energy Focus (NASDAQ:EFOI) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Energy Focus (NASDAQ:EFOI – Get Rating) in a research note issued on Wednesday. The firm set a “sell” rating on the construction company’s stock.

Energy Focus Price Performance

Shares of NASDAQ:EFOI opened at $0.45 on Wednesday. Energy Focus has a 1 year low of $0.28 and a 1 year high of $3.12. The business has a 50 day simple moving average of $0.49 and a two-hundred day simple moving average of $0.49. The firm has a market capitalization of $8.66 million, a PE ratio of -0.48 and a beta of 2.35.

Energy Focus (NASDAQ:EFOI – Get Rating) last announced its earnings results on Thursday, March 23rd. The construction company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.04. Energy Focus had a negative return on equity of 430.14% and a negative net margin of 181.74%. The business had revenue of $0.66 million during the quarter, compared to analyst estimates of $1.84 million. Equities research analysts expect that Energy Focus will post -0.26 EPS for the current fiscal year.

Institutional Trading of Energy Focus

A hedge fund recently raised its stake in Energy Focus stock. International Assets Investment Management LLC grew its stake in shares of Energy Focus, Inc. (NASDAQ:EFOI – Get Rating) by 50.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 82,200 shares of the construction company’s stock after acquiring an additional 27,500 shares during the period. International Assets Investment Management LLC owned about 1.27% of Energy Focus worth $112,000 at the end of the most recent quarter. Institutional investors own 4.99% of the company’s stock.

About Energy Focus

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Energy Focus, Inc engages in the design, development, manufacture, and marketing of lighting systems and controls. The company was founded in 1985 and is headquartered in Solon, OH.