Energy Focus Inc (EFOI) Receives $3.83 Average Target Price from Analysts

Shares of Energy Focus Inc (NASDAQ:EFOI) have received a consensus recommendation of “Hold” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $3.83.

Several research analysts have recently weighed in on the stock. B. Riley reiterated a “hold” rating on shares of Energy Focus in a report on Friday, February 23rd. Zacks Investment Research lowered shares of Energy Focus from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, ValuEngine lowered shares of Energy Focus from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 22nd.

An institutional investor recently raised its position in Energy Focus stock. WealthTrust Axiom LLC raised its position in Energy Focus Inc (NASDAQ:EFOI) by 9.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 502,949 shares of the construction company’s stock after acquiring an additional 41,805 shares during the quarter. WealthTrust Axiom LLC owned 4.24% of Energy Focus worth $1,232,000 at the end of the most recent quarter. 16.03% of the stock is owned by institutional investors.

Shares of Energy Focus (EFOI) remained flat at $$2.62 during mid-day trading on Friday. The stock had a trading volume of 9,237 shares, compared to its average volume of 15,503. The firm has a market capitalization of $31.06, a PE ratio of -2.73 and a beta of -0.06. Energy Focus has a 52 week low of $1.51 and a 52 week high of $3.76.

Energy Focus (NASDAQ:EFOI) last announced its quarterly earnings data on Thursday, February 22nd. The construction company reported ($0.13) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.02. The business had revenue of $4.73 million for the quarter, compared to analyst estimates of $5.83 million. Energy Focus had a negative net margin of 56.77% and a negative return on equity of 43.83%. research analysts anticipate that Energy Focus will post -0.54 earnings per share for the current year.

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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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