Wall Street Zen Initiates Coverage on Energy Focus (NASDAQ:EFOI)

Equities research analysts at Wall Street Zen assumed coverage on shares of Energy Focus (NASDAQ:EFOI) in a research note issued to investors on Wednesday. The brokerage set a “sell” rating on the construction company’s stock.

Energy Focus Stock Performance

Shares of NASDAQ EFOI opened at $2.04 on Wednesday. The business’s 50 day moving average price is $1.78 and its 200-day moving average price is $1.62. Energy Focus has a fifty-two week low of $1.14 and a fifty-two week high of $2.95. The company has a market cap of $10.95 million, a price-to-earnings ratio of -5.23 and a beta of 1.88.

Energy Focus (NASDAQ:EFOI) last announced its quarterly earnings data on Tuesday, May 13th. The construction company reported ($0.05) EPS for the quarter. Energy Focus had a negative net margin of 35.77% and a negative return on equity of 71.48%. The business had revenue of $0.62 million during the quarter.

Energy Focus Company Profile

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.