Energy Focus Inc. (NASDAQ:EFOI) saw an uptick in trading volume on Monday . 96,188 shares were traded during trading, a decline of 19% from the previous session’s volume of 118,487 shares.The stock last traded at $5.76 and had previously closed at $5.73.

Several research firms have recently commented on EFOI. FBR & Co reaffirmed a “buy” rating and set a $12.00 price target on shares of Energy Focus in a research report on Saturday, April 9th. Canaccord Genuity reissued a “hold” rating on shares of Energy Focus in a report on Thursday, May 12th. Zacks Investment Research lowered shares of Energy Focus from a “hold” rating to a “sell” rating in a report on Tuesday, April 19th. Finally, TheStreet lowered shares of Energy Focus from a “buy” rating to a “hold” rating in a report on Tuesday, March 15th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Energy Focus currently has an average rating of “Buy” and an average target price of $17.83.

The stock has a market capitalization of $66.53 million and a PE ratio of 11.24. The company’s 50-day moving average price is $6.02 and its 200-day moving average price is $8.49.

Energy Focus (NASDAQ:EFOI) last posted its quarterly earnings data on Wednesday, May 11th. The company reported ($0.17) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.04. The firm earned $8.40 million during the quarter, compared to the consensus estimate of $8.19 million. The firm’s quarterly revenue was down 33.1% on a year-over-year basis. Analysts predict that Energy Focus Inc. will post ($0.12) earnings per share for the current fiscal year.

An institutional investor recently raised its position in Energy Focus stock. Morgan Stanley raised its position in shares of Energy Focus Inc. (NASDAQ:EFOI) by 9.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,827 shares of the company’s stock after buying an additional 7,210 shares during the period. Morgan Stanley owned 0.73% of Energy Focus worth $1,166,000 as of its most recent SEC filing.

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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