ValuEngine upgraded shares of Energy Focus, Inc. (NASDAQ:EFOI) from a strong sell rating to a sell rating in a research note issued to investors on Friday morning.

Other analysts have also issued research reports about the company. Zacks Investment Research upgraded Energy Focus from a sell rating to a hold rating in a report on Wednesday, July 5th. HC Wainwright reiterated a buy rating and set a $6.00 price objective on shares of Energy Focus in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $3.95.

Shares of Energy Focus (NASDAQ EFOI) opened at 2.48 on Friday. Energy Focus has a 12-month low of $1.51 and a 12-month high of $5.50. The company’s market cap is $29.40 million. The firm has a 50 day moving average price of $2.01 and a 200-day moving average price of $2.72.

Energy Focus (NASDAQ:EFOI) last posted its earnings results on Wednesday, August 9th. The construction company reported ($0.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.15. The company had revenue of $6.01 million during the quarter, compared to analyst estimates of $5.24 million. Energy Focus had a negative return on equity of 43.27% and a negative net margin of 72.83%. Energy Focus’s revenue was down 15.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.34) earnings per share. On average, equities analysts expect that Energy Focus will post ($0.99) earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently modified their holdings of EFOI. VIEX Capital Advisors LLC purchased a new stake in shares of Energy Focus during the 1st quarter valued at $112,000. Herald Investment Management Ltd purchased a new stake in shares of Energy Focus during the 1st quarter valued at $235,000. Finally, WealthTrust Axiom LLC lifted its holdings in shares of Energy Focus by 6.5% during the 2nd quarter. WealthTrust Axiom LLC now owns 424,994 shares of the construction company’s stock valued at $1,117,000 after purchasing an additional 26,054 shares during the last quarter. Hedge funds and other institutional investors own 16.83% of the company’s stock.

Energy Focus Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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