Energy Focus Inc (NASDAQ:EFOI) had its price objective cut by stock analysts at FBR & Co from $4.50 to $3.50 in a research report issued to clients and investors on Friday, May 5th. The firm presently has a “mkt perform” rating on the construction company’s stock. FBR & Co’s target price points to a potential upside of 10.06% from the stock’s previous close.
Several other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Energy Focus from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. Roth Capital set a $3.00 price objective on shares of Energy Focus and gave the company a “hold” rating in a report on Monday, March 6th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $6.88.
Shares of Energy Focus (NASDAQ:EFOI) traded up 0.63% on Friday, hitting $3.18. The stock had a trading volume of 23,957 shares. Energy Focus has a one year low of $2.45 and a one year high of $6.50. The company’s market capitalization is $37.45 million. The firm has a 50 day moving average price of $3.11 and a 200 day moving average price of $4.00.
Energy Focus (NASDAQ:EFOI) last announced its quarterly earnings data on Thursday, May 4th. The construction company reported ($0.35) earnings per share for the quarter, meeting the consensus estimate of ($0.35). Energy Focus had a negative net margin of 18.99% and a negative return on equity of 17.84%. The firm had revenue of $4.10 million for the quarter, compared to analyst estimates of $7.08 million. During the same quarter in the prior year, the business earned ($0.17) earnings per share. The business’s quarterly revenue was down 51.2% compared to the same quarter last year. On average, equities research analysts predict that Energy Focus will post ($1.11) earnings per share for the current fiscal year.
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Several large investors have recently bought and sold shares of the company. VIEX Capital Advisors LLC purchased a new stake in shares of Energy Focus during the first quarter worth about $112,000. Geode Capital Management LLC increased its stake in shares of Energy Focus by 0.4% in the first quarter. Geode Capital Management LLC now owns 44,670 shares of the construction company’s stock worth $146,000 after buying an additional 162 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Energy Focus by 1.0% in the first quarter. Vanguard Group Inc. now owns 432,588 shares of the construction company’s stock worth $1,424,000 after buying an additional 4,427 shares during the last quarter. Herald Investment Management Ltd purchased a new stake in shares of Energy Focus during the first quarter worth about $235,000. Finally, WealthTrust Axiom LLC increased its stake in shares of Energy Focus by 6.0% in the first quarter. WealthTrust Axiom LLC now owns 398,940 shares of the construction company’s stock worth $1,312,000 after buying an additional 22,750 shares during the last quarter. 18.02% of the stock is owned by institutional investors.
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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