Favorable News Coverage Somewhat Unlikely to Impact Energy Focus (EFOI) Stock Price

News coverage about Energy Focus (NASDAQ:EFOI) has trended positive on Friday, Alpha One Sentiment reports. Alpha One, a division of Accern, rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Energy Focus earned a coverage optimism score of 0.28 on Alpha One’s scale. Alpha One also assigned press coverage about the construction company an impact score of 43 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the news stories that may have effected Alpha One’s scoring:

A number of brokerages have recently commented on EFOI. Zacks Investment Research lowered Energy Focus from a “hold” rating to a “sell” rating in a report on Monday, January 16th. Roth Capital set a $3.00 price target on Energy Focus and gave the stock a “hold” rating in a report on Monday, March 6th. Finally, FBR & Co reiterated a “hold” rating on shares of Energy Focus in a report on Monday, March 20th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $7.25.

Shares of Energy Focus (NASDAQ:EFOI) traded down 4.59% on Friday, hitting $3.12. The company had a trading volume of 15,429 shares. The company’s market capitalization is $36.54 million. Energy Focus has a 12-month low of $2.95 and a 12-month high of $8.13. The firm has a 50-day moving average price of $3.22 and a 200 day moving average price of $4.19.

Energy Focus (NASDAQ:EFOI) last posted its quarterly earnings results on Thursday, February 23rd. The construction company reported ($0.67) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by $0.43. Energy Focus had a negative return on equity of 17.84% and a negative net margin of 18.99%. The business had revenue of $7.20 million for the quarter, compared to analyst estimates of $8.52 million. During the same period last year, the firm posted $0.14 EPS. Energy Focus’s quarterly revenue was down 58.3% on a year-over-year basis. Equities analysts expect that Energy Focus will post ($0.76) EPS for the current year.

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About Energy Focus

Energy Focus, Inc along with its subsidiaries is engaged in the design, development, manufacturing, marketing, installation and sale of lighting systems. The Company is engaged in developing and selling of light-emitting diode (LED) lighting products for military maritime market, and general commercial and industrial markets.

5 Day Chart for NASDAQ:EFOI

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