Energy Focus Inc (EFOI) Given Hold Rating at FBR & Co
Energy Focus Inc (NASDAQ:EFOI)‘s stock had its “hold” rating restated by equities researchers at FBR & Co in a report issued on Monday.
Several other research analysts have also recently weighed in on EFOI. Zacks Investment Research cut Energy Focus from a “hold” rating to a “sell” rating in a research note on Monday, January 16th. Roth Capital set a $3.00 price target on Energy Focus and gave the stock a “hold” rating in a research note on Monday, March 6th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Energy Focus currently has a consensus rating of “Hold” and a consensus target price of $7.25.
Shares of Energy Focus (NASDAQ:EFOI) traded up 3.37% during mid-day trading on Monday, reaching $3.68. The company had a trading volume of 84,441 shares. Energy Focus has a one year low of $2.95 and a one year high of $8.54. The firm has a 50 day moving average of $3.92 and a 200-day moving average of $4.33. The stock’s market capitalization is $43.09 million.
Energy Focus (NASDAQ:EFOI) last posted its quarterly earnings results on Thursday, February 23rd. The company reported ($0.67) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by $0.43. Energy Focus had a negative return on equity of 17.84% and a negative net margin of 18.99%. The business earned $7.20 million during the quarter, compared to analysts’ expectations of $8.52 million. During the same quarter in the prior year, the firm earned $0.14 EPS. The firm’s revenue for the quarter was down 58.3% compared to the same quarter last year. Analysts forecast that Energy Focus will post ($0.76) EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. Cambridge Advisors Inc. boosted its position in Energy Focus by 60.5% in the third quarter. Cambridge Advisors Inc. now owns 74,826 shares of the company’s stock valued at $366,000 after buying an additional 28,206 shares in the last quarter. New Jersey Better Educational Savings Trust boosted its position in Energy Focus by 4.2% in the third quarter. New Jersey Better Educational Savings Trust now owns 50,000 shares of the company’s stock valued at $245,000 after buying an additional 2,000 shares in the last quarter. WealthTrust Axiom LLC boosted its position in Energy Focus by 32.1% in the third quarter. WealthTrust Axiom LLC now owns 340,381 shares of the company’s stock valued at $1,664,000 after buying an additional 82,675 shares in the last quarter. Finally, State Treasurer State of Michigan boosted its position in Energy Focus by 8.9% in the third quarter. State Treasurer State of Michigan now owns 553,283 shares of the company’s stock valued at $2,706,000 after buying an additional 45,000 shares in the last quarter. Hedge funds and other institutional investors own 18.02% of the company’s stock.
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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