Energy Focus Inc (NASDAQ:EFOI) has been given an average recommendation of “Hold” by the six research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $3.63.
A number of analysts have weighed in on EFOI shares. ValuEngine downgraded shares of Energy Focus from a “sell” rating to a “strong sell” rating in a research report on Wednesday, November 22nd. Zacks Investment Research downgraded shares of Energy Focus from a “buy” rating to a “hold” rating in a research report on Monday, January 1st. B. Riley set a $3.00 target price on shares of Energy Focus and gave the company a “hold” rating in a research report on Thursday, November 30th. HC Wainwright reaffirmed a “buy” rating and set a $6.00 price objective on shares of Energy Focus in a research report on Thursday, November 9th. Finally, Roth Capital set a $2.00 price objective on shares of Energy Focus and gave the stock a “hold” rating in a research report on Friday, October 6th.
A hedge fund recently raised its stake in Energy Focus stock. WealthTrust Axiom LLC increased its position in Energy Focus Inc (NASDAQ:EFOI) by 8.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 461,144 shares of the construction company’s stock after purchasing an additional 36,150 shares during the period. WealthTrust Axiom LLC owned approximately 3.89% of Energy Focus worth $1,258,000 at the end of the most recent quarter. Institutional investors and hedge funds own 16.50% of the company’s stock.
Energy Focus (NASDAQ:EFOI) last released its earnings results on Wednesday, November 8th. The construction company reported ($0.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.03. Energy Focus had a negative net margin of 77.18% and a negative return on equity of 45.60%. equities research analysts anticipate that Energy Focus will post -0.95 earnings per share for the current year.
TRADEMARK VIOLATION NOTICE: This piece was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international trademark & copyright law. The original version of this piece can be accessed at https://stocknewstimes.com/2018/01/18/energy-focus-inc-efoi-receives-average-rating-of-hold-from-brokerages.html.
About Energy Focus
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.
Receive News & Ratings for Energy Focus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Focus and related companies with MarketBeat.com's FREE daily email newsletter.