Energy Focus Inc. (EFOI) Receives Average Recommendation of “Hold” from Analysts
Energy Focus Inc. (NASDAQ:EFOI) has received an average rating of “Hold” from the eight analysts that are covering the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $8.67.
EFOI has been the subject of a number of research reports. TheStreet downgraded shares of Energy Focus from a “hold” rating to a “sell” rating in a research report on Friday, August 26th. Roth Capital reiterated a “neutral” rating and issued a $5.00 price objective (down previously from $6.00) on shares of Energy Focus in a research report on Sunday, August 14th. FBR & Co reiterated a “buy” rating on shares of Energy Focus in a research report on Wednesday, June 22nd. Zacks Investment Research downgraded shares of Energy Focus from a “hold” rating to a “strong sell” rating in a research report on Monday, August 15th. Finally, Oppenheimer Holdings Inc. downgraded shares of Energy Focus from a “buy” rating to a “hold” rating in a research report on Friday, August 12th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Menta Capital LLC increased its position in Energy Focus by 10.2% in the second quarter. Menta Capital LLC now owns 19,410 shares of the company’s stock valued at $121,000 after buying an additional 1,800 shares during the period. BlackRock Fund Advisors increased its position in Energy Focus by 48.8% in the second quarter. BlackRock Fund Advisors now owns 25,421 shares of the company’s stock valued at $159,000 after buying an additional 8,334 shares during the period. Geode Capital Management LLC increased its position in Energy Focus by 3.5% in the first quarter. Geode Capital Management LLC now owns 44,373 shares of the company’s stock valued at $329,000 after buying an additional 1,487 shares during the period. New Jersey Better Educational Savings Trust bought a new position in Energy Focus during the second quarter valued at $300,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in Energy Focus during the second quarter valued at $380,000. Hedge funds and other institutional investors own 17.10% of the company’s stock.
Energy Focus (NASDAQ:EFOI) traded up 1.68% on Friday, reaching $4.24. The company had a trading volume of 12,414 shares. Energy Focus has a 1-year low of $3.61 and a 1-year high of $20.00. The company’s 50-day moving average price is $4.15 and its 200 day moving average price is $5.77. The firm’s market capitalization is $49.57 million.
Energy Focus (NASDAQ:EFOI) last posted its earnings results on Thursday, August 11th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by $0.25. The business had revenue of $7.10 million for the quarter, compared to analyst estimates of $11.07 million. Energy Focus had a negative net margin of 0.71% and a positive return on equity of 0.35%. The business’s revenue was down 56.2% compared to the same quarter last year. On average, equities analysts forecast that Energy Focus will post ($0.97) EPS for the current year.
Energy Focus Company Profile
Energy Focus, Inc along with its subsidiaries is engaged in the design, development, manufacturing, marketing, installation and sale of lighting systems. The Company is engaged in developing and selling of light-emitting diode (LED) lighting products for military maritime market, and general commercial and industrial markets.
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