Shares of Energy Focus Inc. (NASDAQ:EFOI) dropped 2.9% on Thursday . The stock traded as low as $5.66 and last traded at $5.67, with a volume of 106,681 shares changing hands. The stock had previously closed at $5.84.

Several brokerages have commented on EFOI. Benchmark Co. decreased their price target on shares of Energy Focus from $20.00 to $17.50 and set a “buy” rating for the company in a research report on Friday, March 11th. Zacks Investment Research cut shares of Energy Focus from a “buy” rating to a “hold” rating in a research report on Friday, March 11th. TheStreet cut shares of Energy Focus from a “buy” rating to a “hold” rating in a research report on Tuesday, March 15th. Canaccord Genuity reaffirmed a “hold” rating on shares of Energy Focus in a research report on Thursday, May 12th. Finally, FBR & Co decreased their price objective on shares of Energy Focus from $21.50 to $12.00 and set an “outperform” rating for the company in a research report on Thursday, March 31st. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Energy Focus has an average rating of “Buy” and a consensus target price of $17.83.

The company’s 50-day moving average price is $6.03 and its 200-day moving average price is $8.65. The firm has a market cap of $67.35 million and a P/E ratio of 11.38.

Energy Focus (NASDAQ:EFOI) last released its quarterly earnings data on Wednesday, May 11th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.04. The business earned $8.40 million during the quarter, compared to analyst estimates of $8.19 million. Energy Focus’s quarterly revenue was down 33.1% compared to the same quarter last year. Equities research analysts anticipate that Energy Focus Inc. will post ($0.12) EPS for the current year.

A hedge fund recently bought a new stake in Energy Focus stock. Oxford Asset Management acquired a new stake in Energy Focus Inc. (NASDAQ:EFOI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 120,346 shares of the company’s stock, valued at approximately $1,672,000. Oxford Asset Management owned approximately 1.04% of Energy Focus at the end of the most recent reporting period.

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.

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