Energy Focus (NASDAQ:EFOI) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Energy Focus (NASDAQ:EFOIGet Rating) in a report published on Thursday. The firm issued a sell rating on the construction company’s stock.

EFOI has been the topic of several other reports. Zacks Investment Research downgraded Energy Focus from a buy rating to a hold rating in a research note on Monday, January 17th. HC Wainwright cut their target price on Energy Focus from $11.00 to $6.00 and set a buy rating on the stock in a research note on Friday, March 18th.

Energy Focus stock opened at $1.18 on Thursday. The company has a market capitalization of $7.62 million, a P/E ratio of -0.67 and a beta of 2.93. The stock’s 50 day moving average is $1.38 and its 200 day moving average is $2.33. Energy Focus has a twelve month low of $1.14 and a twelve month high of $8.17.

Energy Focus (NASDAQ:EFOIGet Rating) last posted its quarterly earnings results on Thursday, March 17th. The construction company reported ($0.50) earnings per share for the quarter. The company had revenue of $2.41 million during the quarter, compared to analysts’ expectations of $3.08 million. Energy Focus had a negative return on equity of 161.01% and a negative net margin of 79.94%. Research analysts predict that Energy Focus will post -0.89 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EFOI. International Assets Investment Management LLC lifted its holdings in shares of Energy Focus by 25.5% during the 3rd quarter. International Assets Investment Management LLC now owns 80,300 shares of the construction company’s stock valued at $249,000 after buying an additional 16,300 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Energy Focus by 207.3% during the 3rd quarter. Geode Capital Management LLC now owns 76,711 shares of the construction company’s stock valued at $238,000 after buying an additional 51,746 shares during the period. Citadel Advisors LLC bought a new position in shares of Energy Focus during the 3rd quarter valued at $99,000. Millennium Management LLC bought a new position in shares of Energy Focus during the 3rd quarter valued at $147,000. Finally, Squarepoint Ops LLC bought a new position in shares of Energy Focus during the 4th quarter valued at $83,000. 6.41% of the stock is currently owned by hedge funds and other institutional investors.

About Energy Focus (Get Rating)

Energy Focus, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and sells energy-efficient lighting systems in the United States and internationally. It offers military maritime LED lighting products, such as Military Intellitube, globe lights, berth lights, and fixtures, as well as Invisitube ultra-low EMI tubular LED (TLED) and LED retrofit kits to serve the United States navy and allied foreign navies.

Further Reading

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