Energy Focus (NASDAQ:EFOI) Releases Quarterly Earnings Results, Beats Estimates By $1.68 EPS

Energy Focus (NASDAQ:EFOI) announced its earnings results on Tuesday. The construction company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($1.82) by $1.68, FiscalAI reports. Energy Focus had a negative net margin of 23.09% and a negative return on equity of 25.63%. The company had revenue of $3.75 million during the quarter, compared to the consensus estimate of $3.49 million.

Energy Focus Stock Down 1.9%

Shares of NASDAQ:EFOI traded down $0.06 during trading on Tuesday, hitting $3.03. 1,804 shares of the stock traded hands, compared to its average volume of 1,193,411. The company has a fifty day moving average price of $3.08 and a two-hundred day moving average price of $2.81. Energy Focus has a 52-week low of $1.66 and a 52-week high of $9.84. The company has a market cap of $19.09 million, a price-to-earnings ratio of -20.20 and a beta of 2.16.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated 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 MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Investors Weigh In On Energy Focus

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC acquired a new position in Energy Focus in the fourth quarter valued at about $27,000. Citadel Advisors LLC purchased a new stake in shares of Energy Focus in the 3rd quarter valued at approximately $37,000. Finally, DRW Securities LLC acquired a new position in shares of Energy Focus in the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors 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.