Energy Focus (NASDAQ:EFOI) Issues Quarterly Earnings Results

Energy Focus (NASDAQ:EFOI) issued its quarterly earnings results on Tuesday. The construction company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($1.82) by $1.90, FiscalAI reports. Energy Focus had a negative return on equity of 42.44% and a negative net margin of 23.77%. The business had revenue of $4.80 million during the quarter, compared to the consensus estimate of $3.49 million.

Energy Focus Stock Performance

EFOI stock traded up $0.29 during midday trading on Tuesday, reaching $4.68. The stock had a trading volume of 65,314 shares, compared to its average volume of 846,196. The firm has a fifty day simple moving average of $3.08 and a two-hundred day simple moving average of $2.89. Energy Focus has a 52-week low of $1.66 and a 52-week high of $9.84. The stock has a market cap of $29.81 million, a PE ratio of -18.72 and a beta of 2.14.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Energy Focus in a research note on Monday, October 19th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

About Energy Focus

Energy Focus, Inc (NASDAQ:EFOI) develops and provides energy-efficient lighting and control solutions for commercial, industrial, government, military, and maritime customers. Its offerings are designed to help organizations reduce energy consumption, improve lighting performance, and modernize existing facilities.

The company’s products include LED lighting fixtures and retrofit systems, tubular LED solutions, and networked lighting controls. Energy Focus has also developed intelligent control technologies, including systems that enable remote monitoring, scheduling, and management of lighting equipment.