Energy Focus (NASDAQ:EFOI) Releases Earnings Results

Energy Focus (NASDAQ:EFOI) announced its quarterly earnings data on Tuesday. The construction company reported ($0.06) earnings per share for the quarter, FiscalAI reports. Energy Focus had a negative return on equity of 32.96% and a negative net margin of 24.97%.The company had revenue of $0.98 million for the quarter.

Energy Focus Trading Up 1.6%

Shares of EFOI stock opened at $1.91 on Wednesday. The company’s fifty day simple moving average is $1.99 and its 200-day simple moving average is $2.33. Energy Focus has a 52 week low of $1.43 and a 52 week high of $3.56. The company has a market cap of $10.96 million, a PE ratio of -11.23 and a beta of 1.56.

Institutional Trading of Energy Focus

A number of institutional investors have recently added to or reduced their stakes in EFOI. DRW Securities LLC acquired a new stake in Energy Focus in the 4th quarter valued at $37,000. Citadel Advisors LLC acquired a new position in shares of Energy Focus during the third quarter worth about $37,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Energy Focus in the fourth quarter worth about $27,000. 3.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Energy Focus in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Energy Focus currently has an average rating of “Sell”.

About Energy Focus

Energy Focus, Inc is a United States–based innovator in sustainable lighting and disinfection solutions. The company designs, manufactures and sells high-performance LED lighting fixtures and lamps tailored for commercial, industrial and specialty applications. In addition to energy-efficient illumination products, Energy Focus offers ultraviolet-C (UV-C) germicidal lighting systems designed to inactivate microbes on surfaces and in the air, addressing growing demand for hygienic environments in healthcare, education, transportation and other sectors.

Founded in 1985 as a spin-out of U.S.