Energy Focus Inc. (EFOI) Sees Large Volume Increase
Energy Focus Inc. (NASDAQ:EFOI) shares saw an uptick in trading volume on Friday . 131,100 shares traded hands during mid-day trading, an increase of 16% from the previous session’s volume of 113,114 shares.The stock last traded at $4.65 and had previously closed at $4.85.
Several research firms have recently commented on EFOI. FBR & Co reiterated a “buy” rating on shares of Energy Focus in a research report on Friday. Oppenheimer Holdings Inc. lowered shares of Energy Focus from a “buy” rating to a “hold” rating in a research report on Friday. Benchmark Co. lowered shares of Energy Focus from a “buy” rating to a “hold” rating in a research report on Friday. Canaccord Genuity restated a “hold” rating on shares of Energy Focus in a research report on Thursday, May 12th. Finally, Zacks Investment Research upgraded shares of Energy Focus from a “sell” rating to a “hold” rating in a research report on Monday, April 25th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $17.81.
The firm’s 50-day moving average price is $5.76 and its 200 day moving average price is $7.48. The company has a market cap of $54.30 million and a P/E ratio of 9.17.
Energy Focus (NASDAQ:EFOI) last released its earnings results on Thursday, August 11th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by $0.25. The company had revenue of $7.10 million for the quarter, compared to analyst estimates of $11.07 million. The business’s quarterly revenue was down 56.2% compared to the same quarter last year. Equities research analysts expect that Energy Focus Inc. will post ($0.18) earnings per share for the current year.
An institutional investor recently raised its position in Energy Focus stock. Morgan Stanley raised its position in Energy Focus Inc. (NASDAQ:EFOI) by 9.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,827 shares of the company’s stock after buying an additional 7,210 shares during the period. Morgan Stanley owned about 0.73% of Energy Focus worth $1,166,000 at the end of the most recent quarter.
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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