Energy Focus, Inc. (EFOI) Earns “Hold” Rating from B. Riley
B. Riley restated their hold rating on shares of Energy Focus, Inc. (NASDAQ:EFOI) in a research report sent to investors on Thursday morning. The brokerage currently has a $3.00 price objective on the construction company’s stock.
EFOI has been the subject of a number of other research reports. Roth Capital set a $2.00 price objective on shares of Energy Focus and gave the company a hold rating in a report on Friday, October 6th. ValuEngine raised shares of Energy Focus from a strong sell rating to a sell rating in a research report on Friday, September 15th. HC Wainwright reaffirmed a buy rating and issued a $6.00 target price on shares of Energy Focus in a research report on Thursday, August 10th. Finally, Zacks Investment Research cut shares of Energy Focus from a buy rating to a hold rating in a research report on Wednesday, October 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $3.63.
Energy Focus (EFOI) traded down $0.03 during trading on Thursday, hitting $2.85. 13,500 shares of the stock were exchanged, compared to its average volume of 25,104. Energy Focus has a fifty-two week low of $1.51 and a fifty-two week high of $5.32.
Energy Focus (NASDAQ:EFOI) last announced its quarterly earnings data on Wednesday, August 9th. The construction company reported ($0.17) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.32) by $0.15. Energy Focus had a negative net margin of 77.18% and a negative return on equity of 45.60%. The firm had revenue of $6.01 million during the quarter, compared to analyst estimates of $5.24 million. During the same quarter in the prior year, the firm posted ($0.34) earnings per share. Energy Focus’s quarterly revenue was down 15.6% on a year-over-year basis. equities research analysts forecast that Energy Focus will post -0.95 EPS for the current fiscal year.
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An institutional investor recently raised its position in Energy Focus stock. WealthTrust Axiom LLC lifted its holdings in shares of Energy Focus, Inc. (NASDAQ:EFOI) by 6.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 424,994 shares of the construction company’s stock after purchasing an additional 26,054 shares during the quarter. WealthTrust Axiom LLC owned about 3.61% of Energy Focus worth $1,117,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 16.81% of the company’s stock.
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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