Energy Focus (NASDAQ:EFOI – Get Free Report) announced its quarterly earnings data on Tuesday. The construction company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($1.82) by $1.80, FiscalAI reports. The firm had revenue of $0.95 million for the quarter, compared to analyst estimates of $3.49 million. Energy Focus had a negative return on equity of 31.83% and a negative net margin of 28.85%.
Energy Focus Stock Up 3.5%
Energy Focus stock traded up $0.14 during mid-day trading on Tuesday, hitting $4.15. 141,742 shares of the company’s stock were exchanged, compared to its average volume of 1,993,360. The firm has a market capitalization of $26.15 million, a P/E ratio of -23.06 and a beta of 2.15. Energy Focus has a fifty-two week low of $1.51 and a fifty-two week high of $9.84. The company’s 50 day simple moving average is $2.65 and its 200-day simple moving average is $2.40.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings raised Energy Focus from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.
Institutional Trading of Energy Focus
Several hedge funds have recently added to or reduced their stakes in EFOI. Renaissance Technologies LLC acquired a new stake in Energy Focus during the 4th quarter worth $27,000. DRW Securities LLC acquired a new stake in Energy Focus during the 4th quarter worth $37,000. Finally, Citadel Advisors LLC acquired a new stake in Energy Focus during the 3rd quarter worth $37,000. Institutional investors and hedge funds own 3.67% of the company’s stock.
About Energy Focus
Energy Focus, Inc is a United States–based innovator in sustainable lighting and disinfection solutions. The company designs, manufactures and sells high-performance LED lighting fixtures and lamps tailored for commercial, industrial and specialty applications. In addition to energy-efficient illumination products, Energy Focus offers ultraviolet-C (UV-C) germicidal lighting systems designed to inactivate microbes on surfaces and in the air, addressing growing demand for hygienic environments in healthcare, education, transportation and other sectors.
Founded in 1985 as a spin-out of U.S.
See Also
- Five stocks we like better than Energy Focus
- The Event That Could Redefine Apple’s Summer Rally
- Hims & Hers Stock Plunges After Q1 Miss: Is the GLP-1 Pivot Enough to Fuel a Recovery?
- Rocket Lab Just Hit a New All-Time High—Time to Buy or Let It Breathe?
- Shake Shack Stock Gets Shaken After Earnings Miss
Receive News & Ratings for Energy Focus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Focus and related companies with MarketBeat.com's FREE daily email newsletter.
