Energy Focus Inc. (NASDAQ:EFOI) posted its quarterly earnings results on Monday. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by $0.02. Energy Focus had a positive return on equity of 0.35% and a negative net margin of 0.71%. The business had revenue of $8.30 million for the quarter, compared to the consensus estimate of $8.72 million. During the same quarter in the previous year, the business posted $0.41 EPS. The company’s revenue for the quarter was down 54.6% on a year-over-year basis.
Shares of Energy Focus (NASDAQ:EFOI) opened at 4.33 on Monday. The firm’s market capitalization is $50.62 million. The firm’s 50-day moving average is $4.21 and its 200 day moving average is $5.22. Energy Focus has a 12 month low of $2.95 and a 12 month high of $16.20.
Several large investors have recently bought and sold shares of the company. Menta Capital LLC raised its stake in Energy Focus by 10.2% in the second quarter. Menta Capital LLC now owns 19,410 shares of the company’s stock worth $121,000 after buying an additional 1,800 shares in the last quarter. BlackRock Fund Advisors raised its stake in Energy Focus by 48.8% in the second quarter. BlackRock Fund Advisors now owns 25,421 shares of the company’s stock worth $159,000 after buying an additional 8,334 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Energy Focus by 59.9% in the second quarter. Vanguard Group Inc. now owns 459,099 shares of the company’s stock worth $2,865,000 after buying an additional 172,041 shares in the last quarter. Institutional investors own 18.32% of the company’s stock.
EFOI has been the subject of a number of research analyst reports. Rodman & Renshaw lifted their price target on Energy Focus from $8.00 to $16.00 and gave the stock a “buy” rating in a report on Monday, August 15th. Oppenheimer Holdings Inc. cut Energy Focus from a “buy” rating to a “hold” rating in a report on Friday, August 12th. Benchmark Co. cut Energy Focus from a “buy” rating to a “hold” rating in a report on Friday, August 12th. Zacks Investment Research upgraded Energy Focus from a “strong sell” rating to a “hold” rating in a report on Monday, October 17th. Finally, FBR & Co cut Energy Focus from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $10.00 to $5.00 in a report on Friday, August 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $11.42.
Energy Focus Company Profile