Energy Focus Inc. (NASDAQ:EFOI) shares shot up 4.5% during mid-day trading on Monday . The company traded as high as $6.32 and last traded at $6.28, with a volume of 88,847 shares changing hands. The stock had previously closed at $6.01.

A number of brokerages have issued reports on EFOI. FBR & Co reissued a “buy” rating on shares of Energy Focus in a report on Wednesday, June 22nd. Zacks Investment Research cut Energy Focus from a “hold” rating to a “sell” rating in a report on Tuesday, April 19th. Finally, Canaccord Genuity reissued a “hold” rating on shares of Energy Focus in a report on Thursday, May 12th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $17.81.

The company has a 50 day moving average price of $5.85 and a 200 day moving average price of $7.59. The stock has a market capitalization of $72.25 million and a PE ratio of 12.207.

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

An institutional investor recently raised its position in Energy Focus stock. Morgan Stanley boosted its position in shares of Energy Focus Inc. (NASDAQ:EFOI) by 9.3% during the fourth quarter, according to its most recent 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 approximately 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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