Energy Focus Inc. (NASDAQ:EFOI) saw strong trading volume on Friday . 131,100 shares traded hands during trading, an increase of 16% from the previous session’s volume of 113,114 shares.The stock last traded at $4.65 and had previously closed at $4.85.

A number of analysts have weighed in on the company. FBR & Co restated a “buy” rating on shares of Energy Focus in a report on Friday. Zacks Investment Research downgraded Energy Focus from a “hold” rating to a “sell” rating in a research report on Tuesday, April 19th. Oppenheimer Holdings Inc. downgraded Energy Focus from a “buy” rating to a “hold” rating in a research report on Friday. Canaccord Genuity reaffirmed a “hold” rating on shares of Energy Focus in a research report on Thursday, May 12th. Finally, Benchmark Co. downgraded Energy Focus from a “buy” rating to a “hold” rating in a research report on Friday. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Energy Focus presently has a consensus rating of “Hold” and an average target price of $17.81.

The stock’s 50-day moving average is $5.76 and its 200-day moving average is $7.48. The stock’s market cap is $54.48 million.

Energy Focus (NASDAQ:EFOI) last posted its quarterly earnings data on Thursday, August 11th. The company reported ($0.34) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.09) by $0.25. The company had revenue of $7.10 million for the quarter, compared to analysts’ expectations of $11.07 million. Energy Focus’s revenue was down 56.2% on a year-over-year basis. On average, analysts predict that Energy Focus Inc. will post ($0.55) earnings per share for the current year.

An institutional investor recently raised its position in Energy Focus stock. Argent Capital Management LLC increased its position in Energy Focus Inc. (NASDAQ:EFOI) by 27.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 113,640 shares of the company’s stock after buying an additional 24,200 shares during the period. Argent Capital Management LLC owned 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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