Roth Capital Reiterates “$2.00” Price Target for Energy Focus, Inc. (EFOI)

Roth Capital set a $2.00 target price on Energy Focus, Inc. (NASDAQ:EFOI) in a research report sent to investors on Friday. The brokerage currently has a hold rating on the construction company’s stock.

Several other brokerages have also commented on EFOI. Zacks Investment Research upgraded shares of Energy Focus from a hold rating to a buy rating and set a $2.25 price target on the stock in a research note on Friday, August 11th. ValuEngine lowered shares of Energy Focus from a sell rating to a strong sell rating in a research note on Tuesday, September 26th. Finally, HC Wainwright restated a buy rating and issued a $6.00 price objective on shares of Energy Focus in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $3.75.

Energy Focus (EFOI) opened at 2.73 on Friday. The company has a 50 day moving average price of $2.28 and a 200 day moving average price of $2.65. Energy Focus has a 52-week low of $1.51 and a 52-week high of $5.32. The firm’s market capitalization is $32.36 million.

Energy Focus (NASDAQ:EFOI) last announced its quarterly earnings results on Wednesday, August 9th. The construction company reported ($0.17) EPS for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $5.24 million. During the same period last year, the business earned ($0.34) EPS. Energy Focus’s revenue for the quarter was down 15.6% compared to the same quarter last year. On average, equities analysts forecast that Energy Focus will post ($0.99) EPS for the current fiscal year.

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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) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 34,100 shar

Several other brokerages have also commented on EFOI. Zacks Investment Research upgraded shares of Energy Focus from a hold rating to a buy rating and set a $2.25 price target on the stock in a research note on Friday, August 11th. ValuEngine lowered shares of Energy Focus from a sell rating to a strong sell rating in a research note on Tuesday, September 26th. Finally, HC Wainwright restated a buy rating and issued a $6.00 price objective on shares of Energy Focus in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $3.75.

Energy Focus (EFOI) opened at 2.73 on Friday. The company has a 50 day moving average price of $2.28 and a 200 day moving average price of $2.65. Energy Focus has a 52-week low of $1.51 and a 52-week high of $5.32. The firm’s market capitalization is $32.36 million.

Energy Focus (NASDAQ:EFOI) last announced its quarterly earnings results on Wednesday, August 9th. The construction company reported ($0.17) EPS for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $5.24 million. During the same period last year, the business earned ($0.34) EPS. Energy Focus’s revenue for the quarter was down 15.6% compared to the same quarter last year. On average, equities analysts forecast that Energy Focus will post ($0.99) EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another website, it was stolen and republished in violation of US and international copyright and trademark legislation. The legal version of this news story can be accessed at https://ledgergazette.com/2017/10/09/roth-capital-reiterates-2-00-price-target-for-energy-focus-inc-efoi.html.

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) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 34,100 shares of the construction company’s stock, valued at approximately $112,000. Energy Focus accounts for 0.1% of VIEX Capital Advisors LLC’s portfolio, making the stock its 18th biggest holding. VIEX Capital Advisors LLC owned 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.

Energy Focus Company Profile

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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