Energy Focus Inc. (EFOI) Shares Bought by WealthTrust Axiom LLC
WealthTrust Axiom LLC increased its position in Energy Focus Inc. (NASDAQ:EFOI) by 70.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 257,706 shares of the company’s stock after buying an additional 106,606 shares during the period. WealthTrust Axiom LLC’s holdings in Energy Focus were worth $1,608,000 at the end of the most recent quarter.
Separately, Barclays PLC boosted its position in Energy Focus by 249.8% in the first quarter. Barclays PLC now owns 73,100 shares of the company’s stock worth $511,000 after buying an additional 52,200 shares during the period. Hedge funds and other institutional investors own 17.10% of the company’s stock.
Energy Focus Inc. (NASDAQ:EFOI) traded up 0.76% during midday trading on Thursday, hitting $4.00. 86,870 shares of the company’s stock traded hands. Energy Focus Inc. has a 52 week low of $3.61 and a 52 week high of $20.00. The company has a 50 day moving average of $4.34 and a 200-day moving average of $6.20. The company’s market capitalization is $46.76 million.
Energy Focus (NASDAQ:EFOI) last posted its earnings results on Thursday, August 11th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by $0.25. The company earned $7.10 million during the quarter, compared to the consensus estimate of $11.07 million. Energy Focus had a negative net margin of 0.71% and a positive return on equity of 0.35%. The company’s revenue for the quarter was down 56.2% compared to the same quarter last year. Equities research analysts predict that Energy Focus Inc. will post ($0.97) earnings per share for the current year.
A number of equities analysts have recently weighed in on the stock. TheStreet cut shares of Energy Focus from a “hold” rating to a “sell” rating in a research note on Friday, August 26th. Zacks Investment Research cut shares of Energy Focus from a “hold” rating to a “strong sell” rating in a research note on Monday, August 15th. Rodman & Renshaw increased their price objective on shares of Energy Focus from $8.00 to $16.00 and gave the company a “buy” rating in a research note on Monday, August 15th. FBR & Co cut shares of Energy Focus from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $10.00 to $5.00 in a research note on Monday, August 15th. Finally, Roth Capital reissued a “neutral” rating and issued a $5.00 price objective (down from $6.00) on shares of Energy Focus in a research note on Sunday, August 14th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $11.42.
About Energy Focus
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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