Energy Focus Inc. (NASDAQ:EFOI) released its quarterly earnings data on Monday. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.25) by $0.02. Energy Focus had a negative net margin of 0.71% and a positive return on equity of 0.35%. The company earned $8.30 million during the quarter, compared to analysts’ expectations of $8.72 million. During the same period last year, the business earned $0.41 earnings per share. The company’s revenue for the quarter was down 54.6% compared to the same quarter last year.

Energy Focus (NASDAQ:EFOI) opened at 4.74 on Wednesday. The firm’s market capitalization is $55.41 million. The company has a 50-day moving average price of $4.25 and a 200-day moving average price of $5.14. Energy Focus has a 1-year low of $2.95 and a 1-year high of $16.20.

Earnings History for Energy Focus (NASDAQ:EFOI)

Several institutional investors have recently bought and sold shares of the stock. State Treasurer State of Michigan boosted its position in Energy Focus by 8.9% in the third quarter. State Treasurer State of Michigan now owns 553,283 shares of the company’s stock valued at $2,706,000 after buying an additional 45,000 shares in the last quarter. WealthTrust Axiom LLC boosted its position in Energy Focus by 32.1% in the third quarter. WealthTrust Axiom LLC now owns 340,381 shares of the company’s stock valued at $1,664,000 after buying an additional 82,675 shares in the last quarter. New Jersey Better Educational Savings Trust boosted its position in Energy Focus by 4.2% in the third quarter. New Jersey Better Educational Savings Trust now owns 50,000 shares of the company’s stock valued at $245,000 after buying an additional 2,000 shares in the last quarter. Cambridge Advisors Inc. boosted its position in Energy Focus by 60.5% in the third quarter. Cambridge Advisors Inc. now owns 74,826 shares of the company’s stock valued at $366,000 after buying an additional 28,206 shares in the last quarter. Finally, Menta Capital LLC boosted 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 in the last quarter. Institutional investors and hedge funds own 18.32% of the company’s stock.

Several research analysts have commented on EFOI shares. Rodman & Renshaw raised their price objective on Energy Focus from $8.00 to $16.00 and gave the company a “buy” rating in a research report on Monday, August 15th. Benchmark Co. reissued a “buy” rating and issued a $5.00 price objective (down from $6.00) on shares of Energy Focus in a research report on Tuesday. Zacks Investment Research raised Energy Focus from a “strong sell” rating to a “hold” rating in a research report on Monday, October 17th. Oppenheimer Holdings Inc. lowered Energy Focus from a “buy” rating to a “hold” rating in a research report on Friday, August 12th. Finally, FBR & Co reaffirmed a “hold” rating on shares of Energy Focus in a research report on Tuesday. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Energy Focus currently has a consensus rating of “Hold” and an average target price of $9.33.

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.

5 Day Chart for NASDAQ:EFOI

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