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

by · The Cerbat Gem

Energy Focus (NASDAQ:EFOI – Get Free Report) announced its quarterly earnings results on Tuesday. The construction company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $3.75 million for 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 mid-day trading on Tuesday, reaching $3.03. 1,803 shares of the company were exchanged, compared to its average volume of 1,193,410. Energy Focus has a 52 week low of $1.66 and a 52 week high of $9.84. The company’s 50 day moving average price is $3.08 and its 200 day moving average price is $2.81. The stock has a market capitalization of $19.09 million, a PE ratio of -20.20 and a beta of 2.16.

Analysts Set New Price Targets

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.com, the stock has a consensus rating of “Sell”.

Check Out Our Latest Stock Report on EFOI

Institutional Investors Weigh In On Energy Focus

Several hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new position in shares of Energy Focus in the 4th quarter worth about $27,000. DRW Securities LLC bought a new position in shares of Energy Focus during the 4th quarter valued at about $37,000. Finally, Citadel Advisors LLC bought a new position in shares of Energy Focus during the 3rd quarter valued at about $37,000. Institutional investors own 3.67% of the company’s stock.

Energy Focus Company Profile

(Get Free Report)

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.

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