Energy Focus (NASDAQ:EFOI) Announces Earnings Results, Beats Expectations By $1.80 EPS

Energy Focus (NASDAQ:EFOI) released its quarterly earnings results on Tuesday. The construction company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($1.82) by $1.80, FiscalAI reports. The business had revenue of $0.95 million for the quarter, compared to analyst estimates of $3.49 million. Energy Focus had a negative return on equity of 31.83% and a negative net margin of 28.85%.

Energy Focus Stock Performance

EFOI traded up $0.14 during mid-day trading on Tuesday, reaching $4.15. The stock had a trading volume of 141,742 shares, compared to its average volume of 1,993,360. The stock has a market capitalization of $26.15 million, a P/E ratio of -23.06 and a beta of 2.15. The firm’s fifty day simple moving average is $2.65 and its two-hundred day simple moving average is $2.40. Energy Focus has a 52 week low of $1.51 and a 52 week high of $9.84.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. DRW Securities LLC bought a new position in Energy Focus in the 4th quarter valued at $37,000. Citadel Advisors LLC bought a new position in Energy Focus in the 3rd quarter valued at $37,000. Finally, Renaissance Technologies LLC bought a new position in Energy Focus in the 4th quarter valued at $27,000. 3.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Energy Focus from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Energy Focus Company Profile

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.