Energy Focus (NASDAQ:EFOI) Announces Quarterly Earnings Results

Energy Focus (NASDAQ:EFOI) released its earnings results on Tuesday. The construction company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($1.82) by $1.80, FiscalAI reports. The firm had revenue of $0.95 million for the quarter, compared to analysts’ expectations of $3.49 million. Energy Focus had a negative net margin of 23.09% and a negative return on equity of 25.63%.

Energy Focus Stock Up 3.1%

Shares of EFOI traded up $0.12 during trading hours on Thursday, hitting $4.04. 34,167 shares of the company were exchanged, compared to its average volume of 1,951,393. Energy Focus has a fifty-two week low of $1.51 and a fifty-two week high of $9.84. The company has a market cap of $25.46 million, a price-to-earnings ratio of -26.93 and a beta of 2.15. The firm’s fifty day moving average is $2.74 and its 200 day moving average is $2.41.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Energy Focus from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Energy Focus

Institutional investors and hedge funds have recently bought and sold shares of the company. Citadel Advisors LLC purchased a new stake in shares of Energy Focus during the third quarter worth $37,000. Renaissance Technologies LLC purchased a new stake in shares of Energy Focus in the fourth quarter worth $27,000. Finally, DRW Securities LLC purchased a new stake in shares of Energy Focus in the fourth quarter worth $37,000. 3.67% of the stock is owned by institutional investors.

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.