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

A number of brokerages recently issued reports on EFOI. FBR & Co reiterated a “buy” rating and issued a $12.00 price target on shares of Energy Focus in a report on Saturday, April 9th. Canaccord Genuity reiterated a “hold” rating on shares of Energy Focus in a report on Thursday, May 12th. Zacks Investment Research upgraded Energy Focus from a “sell” rating to a “hold” rating in a report on Monday, April 25th. Finally, TheStreet lowered Energy Focus from a “buy” rating to a “hold” rating in a report on Tuesday, March 15th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $17.83.

The firm has a market cap of $66.77 million and a price-to-earnings ratio of 11.28. The stock has a 50-day moving average price of $6.03 and a 200 day moving average price of $8.59.

Energy Focus (NASDAQ:EFOI) last announced its quarterly earnings results on Wednesday, May 11th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.21) by $0.04. The firm had revenue of $8.40 million for the quarter, compared to analyst estimates of $8.19 million. The business’s quarterly revenue was down 33.1% on a year-over-year basis. On average, 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 purchased a new stake in shares of Energy Focus Inc. (NASDAQ:EFOI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 120,346 shares of the company’s stock, valued at approximately $1,672,000. Oxford Asset Management owned about 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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