Energy Focus, Inc. (EFOI) Upgraded to Sell at ValuEngine

ValuEngine upgraded shares of Energy Focus, Inc. (NASDAQ:EFOI) from a strong sell rating to a sell rating in a research report sent to investors on Friday.

Several other analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of Energy Focus from a sell rating to a hold rating in a report on Wednesday, July 5th. HC Wainwright reiterated a buy rating and issued a $6.00 price target on shares of Energy Focus in a report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $3.95.

Energy Focus (NASDAQ EFOI) traded down 10.14% on Friday, hitting $2.48. 88,402 shares of the company were exchanged. The company’s market capitalization is $29.40 million. Energy Focus has a 52 week low of $1.51 and a 52 week high of $5.50. The stock has a 50 day moving average of $2.01 and a 200 day moving average of $2.72.

Energy Focus (NASDAQ:EFOI) last released its quarterly earnings results on Wednesday, August 9th. The construction company reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.32) by $0.15. The business had revenue of $6.01 million for the quarter, compared to analysts’ expectations of $5.24 million. Energy Focus had a negative net margin of 72.83% and a negative return on equity of 43.27%. The firm’s revenue for the quarter was down 15.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.34) earnings per share. Analysts predict that Energy Focus will post ($0.99) EPS for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in EFOI. VIEX Capital Advisors LLC purchased a new position in Energy Focus during the first quarter valued at $112,000. Herald Investment Management Ltd purchased a new position in Energy Focus during the first quarter valued at $235,000. Finally, WealthTrust Axiom LLC lifted its position in Energy Focus by 6.5% during the second quarter. WealthTrust Axiom LLC now owns 424,994 shares of the construction company’s stock valued at $1,117,000 after buying an additional 26,054 shares during the period. 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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