Energy Focus (NASDAQ:EFOI) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Energy Focus (NASDAQ:EFOI) from a hold rating to a buy rating in a research report report published on Monday morning, Zacks.com reports. The firm currently has $0.50 target price on the construction company’s stock.

According to Zacks, “Energy Focus, Inc. is a leading provider and innovator of energy efficient LED lighting products. As the creator of the only 100-percent flicker-free LED products on the market, Energy Focus products provide extensive energy savings, aesthetics, safety and health benefits over conventional and fluorescent lighting. As a longstanding partner with the US Government providing energy efficient LED lighting products to the U.S. Navy and the Military Sealift Command fleets, Energy Focus products go through rigorous testing in the most adverse conditions possible and still have a zero percent failure rate. In the commercial sphere, customers include national, state and local U.S. government agencies as well as Fortune 500 companies across education, healthcare, retail and manufacturing. Energy Focus is headquartered in Solon, Ohio, with additional sales offices in Washington, D.C., New York and Taiwan. “

Separately, HC Wainwright reiterated a buy rating and set a $2.75 target price on shares of Energy Focus in a research report on Thursday, November 14th.

Shares of NASDAQ:EFOI traded down $0.01 during trading on Monday, reaching $0.41. 41,582 shares of the company traded hands, compared to its average volume of 238,567. The company’s 50 day moving average is $0.45 and its two-hundred day moving average is $0.47. The firm has a market capitalization of $5.31 million, a PE ratio of -0.55 and a beta of 0.91. The company has a quick ratio of 0.49, a current ratio of 1.68 and a debt-to-equity ratio of 0.25. Energy Focus has a 52 week low of $0.38 and a 52 week high of $1.45.

Energy Focus (NASDAQ:EFOI) last released its earnings results on Wednesday, November 13th. The construction company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.07. The firm had revenue of $2.92 million during the quarter, compared to the consensus estimate of $3.14 million. Energy Focus had a negative return on equity of 115.79% and a negative net margin of 73.72%. As a group, research analysts anticipate that Energy Focus will post -0.57 EPS for the current year.

An institutional investor recently raised its position in Energy Focus stock. Vanguard Group Inc. lifted its holdings in shares of Energy Focus Inc (NASDAQ:EFOI) by 31.4% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 145,247 shares of the construction company’s stock after buying an additional 34,742 shares during the period. Vanguard Group Inc. owned about 1.17% of Energy Focus worth $59,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 13.27% of the company’s stock.

Energy Focus Company Profile

Energy Focus, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and sells energy-efficient lighting systems in the United States and internationally. It offers various light-emitting diode (LED) lighting technologies, including military maritime products, such as Military Intellitube, globe lights, berth lights, and fixtures to serve the United States navy and allied foreign navies.

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