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

Energy Focus (NASDAQ:EFOI) released its quarterly earnings results on Tuesday. The construction company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($1.82) by $1.68, FiscalAI reports. The company had revenue of $3.75 million for the quarter, compared to the consensus estimate of $3.49 million. Energy Focus had a negative net margin of 23.09% and a negative return on equity of 25.63%.

Energy Focus Price Performance

Energy Focus stock traded up $0.05 during midday trading on Wednesday, reaching $3.05. The stock had a trading volume of 627 shares, compared to its average volume of 1,185,633. The firm has a market cap of $19.22 million, a price-to-earnings ratio of -20.33 and a beta of 2.16. The firm’s fifty day simple moving average is $3.07 and its two-hundred day simple moving average is $2.81. Energy Focus has a twelve month low of $1.66 and a twelve month high of $9.84.

Hedge Funds Weigh In On Energy Focus

A number of hedge funds have recently modified their holdings of EFOI. Renaissance Technologies LLC purchased a new position in Energy Focus in the fourth quarter valued at about $27,000. DRW Securities LLC bought a new position in Energy Focus during the fourth quarter valued at approximately $37,000. Finally, Citadel Advisors LLC acquired a new stake in Energy Focus in the third quarter valued at approximately $37,000. 3.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Energy Focus in a report on Tuesday, July 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

About Energy Focus

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.