Shares of Energy Focus, Inc. (NASDAQ:EFOI) hit a new 52-week low on Tuesday . The stock traded as low as $2.03 and last traded at $2.04, with a volume of 37,270 shares traded. The stock had previously closed at $2.18.
Several analysts have recently weighed in on the company. Zacks Investment Research raised Energy Focus from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. FBR & Co decreased their price objective on Energy Focus from $4.50 to $3.50 and set a “mkt perform” rating on the stock in a report on Friday, May 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $6.88.
The firm has a 50 day moving average of $2.43 and a 200 day moving average of $3.26. The stock’s market cap is $22.61 million.
Energy Focus (NASDAQ:EFOI) last issued its quarterly earnings results on Thursday, May 4th. The construction company reported ($0.35) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.35). The business had revenue of $4.10 million for the quarter, compared to the consensus estimate of $7.08 million. Energy Focus had a negative return on equity of 43.14% and a negative net margin of 72.79%. The firm’s quarterly revenue was down 51.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.17) earnings per share. On average, equities research analysts expect that Energy Focus, Inc. will post ($1.11) earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of the stock. Herald Investment Management Ltd purchased a new position in shares of Energy Focus during the first quarter worth approximately $235,000. VIEX Capital Advisors LLC bought a new position in shares of Energy Focus during the first quarter valued at about $112,000. WealthTrust Axiom LLC raised its position in shares of Energy Focus by 6.5% in the second quarter. WealthTrust Axiom LLC now owns 424,994 shares of the construction company’s stock valued at $1,117,000 after buying an additional 26,054 shares in the last quarter. Finally, Cambridge Advisors Inc. raised its position in shares of Energy Focus by 3.0% in the first quarter. Cambridge Advisors Inc. now owns 92,778 shares of the construction company’s stock valued at $305,000 after buying an additional 2,732 shares in the last quarter. 17.95% of the stock is currently owned by hedge funds and other institutional investors.
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.
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