Energy Focus (NASDAQ:EFOI – Get Free Report) released its quarterly earnings data on Tuesday. The construction company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.82) by $1.68, FiscalAI reports. The company had revenue of $3.75 million for the quarter, compared to analyst estimates of $3.49 million. Energy Focus had a negative return on equity of 41.32% and a negative net margin of 23.77%.
Energy Focus Trading Down 0.3%
EFOI stock traded down $0.01 during midday trading on Thursday, reaching $3.02. The stock had a trading volume of 906 shares, compared to its average volume of 1,177,956. The company’s fifty day simple moving average is $3.05 and its 200 day simple moving average is $2.82. The company has a market cap of $19.03 million, a price-to-earnings ratio of -12.08 and a beta of 2.16. Energy Focus has a 52-week low of $1.66 and a 52-week high of $9.84.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Energy Focus in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.
Hedge Funds Weigh In On Energy Focus
Large investors have recently modified their holdings of the business. DRW Securities LLC acquired a new stake in shares of Energy Focus during the fourth quarter worth about $37,000. Citadel Advisors LLC purchased a new position in Energy Focus in the third quarter valued at about $37,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Energy Focus during the 4th quarter valued at approximately $27,000. 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.
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