Energy Focus (NASDAQ:EFOI) Releases Earnings Results, Beats Expectations By $1.68 EPS

Energy Focus (NASDAQ:EFOI) announced its quarterly earnings results on Tuesday. The construction company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.82) by $1.68, FiscalAI reports. Energy Focus had a negative net margin of 23.09% and a negative return on equity of 25.63%. The firm had revenue of $3.75 million for the quarter, compared to the consensus estimate of $3.49 million.

Energy Focus Stock Down 1.9%

Shares of NASDAQ EFOI traded down $0.06 during mid-day trading on Tuesday, reaching $3.03. 1,803 shares of the company were exchanged, compared to its average volume of 1,193,410. Energy Focus has a 52 week low of $1.66 and a 52 week high of $9.84. The company’s 50 day moving average price is $3.08 and its 200 day moving average price is $2.81. The stock has a market capitalization of $19.09 million, a PE ratio of -20.20 and a beta of 2.16.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Energy Focus in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Investors Weigh In On Energy Focus

Several hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new position in shares of Energy Focus in the 4th quarter worth about $27,000. DRW Securities LLC bought a new position in shares of Energy Focus during the 4th quarter valued at about $37,000. Finally, Citadel Advisors LLC bought a new position in shares of Energy Focus during the 3rd quarter valued at about $37,000. Institutional investors own 3.67% of the company’s stock.

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.