Energy Focus Inc. (EFOI) Receives Average Recommendation of “Hold” from Analysts
Energy Focus Inc. (NASDAQ:EFOI) has been assigned a consensus rating of “Hold” from the eight ratings firms that are covering the company. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $8.67.
Several brokerages recently commented on EFOI. FBR & Co reiterated a “buy” rating on shares of Energy Focus in a research note on Wednesday, June 22nd. Benchmark Co. cut shares of Energy Focus from a “buy” rating to a “hold” rating in a research note on Friday, August 12th. Oppenheimer Holdings Inc. cut shares of Energy Focus from a “buy” rating to a “hold” rating in a research note on Friday, August 12th. 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. Finally, Rodman & Renshaw raised 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.
Energy Focus (NASDAQ:EFOI) traded up 1.68% during mid-day trading on Friday, hitting $4.24. 12,414 shares of the stock traded hands. Energy Focus has a 12-month low of $3.61 and a 12-month high of $20.00. The firm’s 50-day moving average is $4.15 and its 200-day moving average is $5.77. The company’s market cap is $49.57 million.
Energy Focus (NASDAQ:EFOI) last announced its quarterly earnings data on Thursday, August 11th. The company reported ($0.34) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.25. Energy Focus had a negative net margin of 0.71% and a positive return on equity of 0.35%. The company earned $7.10 million during the quarter, compared to analyst estimates of $11.07 million. The company’s revenue for the quarter was down 56.2% compared to the same quarter last year. Equities research analysts expect that Energy Focus will post ($0.97) EPS for the current year.
Institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its position in Energy Focus by 3.5% in the first quarter. Geode Capital Management LLC now owns 44,373 shares of the company’s stock worth $329,000 after buying an additional 1,487 shares in the last quarter. Barclays PLC raised 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 in the last quarter. WealthTrust Axiom LLC raised its position in Energy Focus by 70.6% in the second quarter. WealthTrust Axiom LLC now owns 257,706 shares of the company’s stock worth $1,608,000 after buying an additional 106,606 shares in the last quarter. New Jersey Better Educational Savings Trust purchased a new position in Energy Focus during the second quarter worth $300,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in Energy Focus during the second quarter worth $380,000. 17.10% of the stock is owned by institutional investors and hedge funds.
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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