Roth Capital set a $2.00 price objective on Energy Focus, Inc. (NASDAQ:EFOI) in a research report released on Friday morning. The brokerage currently has a hold rating on the construction company’s stock.
Several other equities analysts also recently issued reports on EFOI. Zacks Investment Research raised shares of Energy Focus from a sell rating to a hold rating in a report on Wednesday, July 5th. HC Wainwright reissued a buy rating and set a $6.00 price target on shares of Energy Focus in a report on Thursday, August 10th. Finally, ValuEngine raised shares of Energy Focus from a strong sell rating to a sell rating in a report on Friday, September 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Energy Focus currently has a consensus rating of Hold and an average price target of $3.75.
Shares of Energy Focus (NASDAQ EFOI) opened at 2.67 on Friday. Energy Focus has a 12 month low of $1.51 and a 12 month high of $5.32. The company’s 50 day moving average is $2.30 and its 200-day moving average is $2.63. The company’s market cap is $31.65 million.
Energy Focus (NASDAQ:EFOI) last announced its quarterly earnings results on Wednesday, August 9th. The construction company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.15. Energy Focus had a negative net margin of 72.83% and a negative return on equity of 43.27%. The firm had revenue of $6.01 million during the quarter, compared to the consensus estimate of $5.24 million. During the same period last year, the firm posted ($0.34) EPS. The firm’s quarterly revenue was down 15.6% on a year-over-year basis. Analysts expect that Energy Focus will post ($0.99) EPS for the current fiscal year.
An institutional investor recently bought a new position in Energy Focus stock. VIEX Capital Advisors LLC purchased a new position in shares of Energy Focus, Inc. (NASDAQ:EFOI) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 34,100 shares of the construction company’s stock, valued at approximately $112,000. Energy Focus accounts for approximately 0.1% of VIEX Capital Advisors LLC’s holdings, making the stock its 18th biggest position. VIEX Capital Advisors LLC owned about 0.29% of Energy Focus at the end of the most recent quarter. 16.83% of the stock is owned by institutional investors and hedge funds.
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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