Energy Focus Inc (EFOI) reported quarterly earnings results on Wednesday, May-11-2016. The company said it had a profit of $-0.17 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.09. Analysts had a consensus of $-0.26. The company posted revenue of $8.43 million in the period, compared to analysts expectations of $8.19 million. The company’s revenue was down -33.1% compared to the same quarter last year.
Many Wall Street Analysts have commented on Energy Focus Inc. Shares were Reiterated by FBR Capital on Mar 31, 2016 to “Outperform” and Lowered the Price Target to $ 12 from a previous price target of $21.50 .Shares were Reiterated by The Benchmark Company on Mar 11, 2016 to “Buy” and Lowered the Price Target to $ 17.50 from a previous price target of $20 .
Energy Focus Inc closed down -0.34 points or -5.37% at $5.99 with 4,68,466 shares getting traded on Tuesday. Post opening the session at $6.39, the shares hit an intraday low of $5.79 and an intraday high of $6.58 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Apr 27, 2016, William Cohen (director) purchased 1,259 shares at $7.88 per share price. According to the SEC, on Mar 16, 2016, Michael Rush Ramelot (director) purchased 3,000 shares at $8.05 per share price. On Sep 18, 2015, Jiangang Luo (director) sold 391,304 shares at $15.98 per share price, according to the Form-4 filing with the securities and exchange commission.
Energy Focus Inc. and its subsidiaries designs develops manufactures and markets energy-efficient light emitting diode (LED) lighting products and is a provider of turnkey energy-efficient lighting retrofit solutions in the governmental and public sector market and general commercial market. The Company operates in two segments: Products providing military general commercial and industrial energy-efficient LED lighting offerings; and Solutions providing turnkey high-quality energy-efficient LED lighting application alternatives primarily to the existing public-sector building market. The Companys services include comprehensive lighting and energy audits lighting design and solution development turnkey lighting implementation Leadership in Energy & Environmental Design (LEED) ready lighting upgrades and pre and post upgrade monitoring and measurement.