Shares of Energy Focus Inc. (NASDAQ:EFOI) traded down 4.6% on Monday . The company traded as low as $5.79 and last traded at $5.82, with a volume of 74,811 shares traded. The stock had previously closed at $6.10.

A number of analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Energy Focus from a “hold” rating to a “sell” rating in a research note on Wednesday, April 6th. FBR & Co reaffirmed a “buy” rating on shares of Energy Focus in a research note on Wednesday, June 22nd. Finally, Canaccord Genuity reaffirmed a “hold” rating on shares of Energy Focus in a research note on Thursday, May 12th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Energy Focus currently has an average rating of “Buy” and a consensus target price of $17.83.

The stock has a market cap of $66.47 million and a price-to-earnings ratio of 11.230. The stock’s 50 day moving average price is $5.82 and its 200-day moving average price is $7.68.

Energy Focus (NASDAQ:EFOI) last announced its earnings results on Wednesday, May 11th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company’s quarterly revenue was down 33.1% on a year-over-year basis. Equities research analysts forecast that Energy Focus Inc. will post ($0.12) EPS for the current fiscal year.

A hedge fund recently raised its stake in Energy Focus stock. Morgan Stanley boosted its position in Energy Focus Inc. (NASDAQ:EFOI) by 9.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor 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 filing with the SEC.

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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