Energy Focus Inc. (EFOI) Trading 2.6% Higher
Energy Focus Inc. (NASDAQ:EFOI)’s share price shot up 2.6% during mid-day trading on Monday . The company traded as high as $4.03 and last traded at $4.00, with a volume of 79,177 shares traded. The stock had previously closed at $3.90.
A number of brokerages recently issued reports on EFOI. TheStreet cut Energy Focus from a “hold” rating to a “sell” rating in a report on Friday. FBR & Co cut Energy Focus from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $10.00 to $5.00 in a report on Monday, August 15th. Canaccord Genuity reiterated a “hold” rating on shares of Energy Focus in a report on Thursday, May 12th. Rodman & Renshaw increased their target price on Energy Focus from $8.00 to $16.00 and gave the stock a “buy” rating in a report on Monday, August 15th. Finally, Benchmark Co. cut Energy Focus from a “buy” rating to a “hold” rating in a report on Friday, August 12th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $15.39.
The firm’s 50-day moving average is $5.23 and its 200 day moving average is $7.01. The company’s market cap is $46.76 million.
Energy Focus (NASDAQ:EFOI) last announced its quarterly earnings results on Thursday, August 11th. The company reported ($0.34) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.25. The company earned $7.10 million during the quarter, compared to analysts’ expectations of $11.07 million. The firm’s revenue for the quarter was down 56.2% on a year-over-year basis. On average, equities analysts anticipate that Energy Focus Inc. will post ($0.97) earnings per share for the current year.
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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