Energy Focus (NASDAQ:EFOI) Releases Earnings Results, Beats Expectations By $1.80 EPS

Energy Focus (NASDAQ:EFOI) released its earnings results on Tuesday. The construction company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.82) by $1.80, FiscalAI reports. The firm had revenue of $0.95 million for the quarter, compared to the consensus estimate of $3.49 million. Energy Focus had a negative net margin of 28.85% and a negative return on equity of 31.83%.

Energy Focus Trading Up 2.5%

Shares of EFOI traded up $0.10 during trading hours on Tuesday, reaching $4.11. 142,057 shares of the stock traded hands, compared to its average volume of 1,993,372. The company has a market cap of $25.89 million, a P/E ratio of -22.83 and a beta of 2.15. The company’s 50-day moving average price is $2.65 and its two-hundred day moving average price is $2.40. Energy Focus has a 52-week low of $1.51 and a 52-week high of $9.84.

Hedge Funds Weigh In On Energy Focus

Hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC bought a new position in shares of Energy Focus in the fourth quarter worth about $27,000. Citadel Advisors LLC bought a new position in shares of Energy Focus in the third quarter worth about $37,000. Finally, DRW Securities LLC purchased a new stake in shares of Energy Focus in the fourth quarter worth about $37,000. Institutional investors own 3.67% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Energy Focus from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Energy Focus currently has a consensus rating of “Sell”.

Energy Focus Company Profile

Energy Focus, Inc is a United States–based innovator in sustainable lighting and disinfection solutions. The company designs, manufactures and sells high-performance LED lighting fixtures and lamps tailored for commercial, industrial and specialty applications. In addition to energy-efficient illumination products, Energy Focus offers ultraviolet-C (UV-C) germicidal lighting systems designed to inactivate microbes on surfaces and in the air, addressing growing demand for hygienic environments in healthcare, education, transportation and other sectors.

Founded in 1985 as a spin-out of U.S.