Shares of Energy Focus Inc. (NASDAQ:EFOI) fell 3.4% during trading on Tuesday . The stock traded as low as $5.84 and last traded at $5.99, with a volume of 65,996 shares changing hands. The stock had previously closed at $6.20.

Several research firms recently commented on EFOI. FBR & Co restated a “buy” rating on shares of Energy Focus in a research report on Wednesday, June 22nd. Canaccord Genuity restated a “hold” rating on shares of Energy Focus in a research report on Thursday, May 12th. Finally, Zacks Investment Research upgraded Energy Focus from a “sell” rating to a “hold” rating in a research report on Monday, April 25th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $17.81.

The stock’s 50-day moving average price is $5.84 and its 200 day moving average price is $7.55. The stock has a market capitalization of $69.33 million and a PE ratio of 11.71.

Energy Focus (NASDAQ:EFOI) last issued its earnings results on Wednesday, May 11th. The company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.04. The business had revenue of $8.40 million for the quarter, compared to the consensus estimate of $8.19 million. The company’s revenue for the quarter was down 33.1% on a year-over-year basis. On average, equities research analysts predict that Energy Focus Inc. will post ($0.12) earnings per share for the current year.

A hedge fund recently raised its stake in Energy Focus stock. Argent Capital Management LLC raised its stake in shares of Energy Focus Inc. (NASDAQ:EFOI) by 27.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 113,640 shares of the company’s stock after buying an additional 24,200 shares during the period. Argent Capital Management LLC owned about 0.98% of Energy Focus worth $1,563,000 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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