Posted by admin on Aug 12th, 2022

Energy Focus, Inc. (NASDAQ:EFOI – Get Rating) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.28 and traded as low as $0.72. Energy Focus shares last traded at $0.73, with a volume of 548,675 shares changing hands.

Several research firms have weighed in on EFOI. StockNews.com began coverage on Energy Focus in a research report on Wednesday, July 27th. They issued a “sell” rating for the company. HC Wainwright downgraded Energy Focus from a “buy” rating to a “neutral” rating in a research report on Friday, May 13th.

The firm has a market capitalization of $5.64 million, a price-to-earnings ratio of -0.41 and a beta of 2.04. The stock has a 50-day moving average price of $1.29 and a 200 day moving average price of $1.28.

Energy Focus (NASDAQ:EFOI – Get Rating) last announced its quarterly earnings data on Thursday, May 12th. The construction company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.11). Energy Focus had a negative return on equity of 183.63% and a negative net margin of 97.59%. The company had revenue of $2.06 million for the quarter, compared to analyst estimates of $2.31 million. During the same period in the prior year, the firm posted ($0.45) earnings per share. As a group, equities analysts forecast that Energy Focus, Inc. will post -1.2 earnings per share for the current fiscal year.

An institutional investor recently raised its position in Energy Focus stock. International Assets Investment Management LLC lifted its stake in shares of Energy Focus, Inc. (NASDAQ:EFOI – Get Rating) by 50.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 82,200 shares of the construction company’s stock after buying an additional 27,500 shares during the quarter. International Assets Investment Management LLC owned approximately 1.27% of Energy Focus worth $112,000 at the end of the most recent reporting period. 16.14% of the stock is currently owned by hedge funds and other institutional investors.

Energy Focus, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and sells energy-efficient lighting systems, and controls and ultraviolet-C light disinfection products in the United States and internationally. It offers military maritime market light-emitting diode (LED) lighting products, such as Military-grade Intellitube retrofit TLED and the Invisitube ultra-low EMI TLED; and Military-grade fixtures, including LED globe lights, berth lights; high-bay fixtures and LED retrofit kits to serve the United States navy and allied foreign navies.

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