Energy Focus Inc. (NASDAQ:EFOI) saw unusually-strong trading volume on Thursday . Approximately 140,286 shares traded hands during trading, an increase of 3% from the previous session’s volume of 135,555 shares.The stock last traded at $4.38 and had previously closed at $4.55.

Several analysts have commented on EFOI shares. FBR & Co reissued a “buy” rating on shares of Energy Focus in a research report on Wednesday, June 22nd. Roth Capital reissued a “neutral” rating and set a $5.00 price target (down from $6.00) on shares of Energy Focus in a research report on Sunday. Zacks Investment Research lowered shares of Energy Focus from a “hold” rating to a “strong sell” rating in a research report on Monday. Oppenheimer Holdings Inc. lowered shares of Energy Focus from a “buy” rating to a “hold” rating in a research report on Friday, August 12th. Finally, Canaccord Genuity reissued a “hold” rating on shares of Energy Focus in a research report on Thursday, May 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Energy Focus presently has a consensus rating of “Hold” and a consensus price target of $15.39.

The firm has a 50-day moving average of $5.61 and a 200 day moving average of $7.32. The firm’s market cap is $50.27 million.

Energy Focus (NASDAQ:EFOI) last released its earnings results on Thursday, August 11th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.09) by $0.25. The business earned $7.10 million during the quarter, compared to the consensus estimate of $11.07 million. Energy Focus’s quarterly revenue was down 56.2% compared to the same quarter last year. Analysts expect that Energy Focus Inc. will post ($0.97) earnings per share for the current year.

A hedge fund recently raised its stake in Energy Focus stock. Morgan Stanley boosted its stake in shares of Energy Focus Inc. (NASDAQ:EFOI) by 9.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 about 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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