Energy Focus Inc. (NASDAQ:EFOI) traded down 3.8% during trading on Tuesday . The stock traded as low as $4.50 and last traded at $4.56, with a volume of 68,489 shares trading hands. The stock had previously closed at $4.74.

Several equities research analysts recently commented on the company. FBR & Co lowered Energy Focus from an “outperform” rating to a “market perform” rating and cut their target price for the company from $10.00 to $5.00 in a research report on Monday. Benchmark Co. lowered Energy Focus from a “buy” rating to a “hold” rating in a research report on Friday, August 12th. Canaccord Genuity restated a “hold” rating on shares of Energy Focus in a research report on Thursday, May 12th. Rodman & Renshaw upped their target price on Energy Focus from $8.00 to $16.00 and gave the company a “buy” rating in a research report on Monday. Finally, Oppenheimer Holdings Inc. lowered Energy Focus from a “buy” rating to a “hold” rating in a research report on Friday, August 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Energy Focus has an average rating of “Hold” and a consensus price target of $15.39.

The company has a 50 day moving average of $5.65 and a 200 day moving average of $7.34. The company’s market capitalization is $53.19 million.

Energy Focus (NASDAQ:EFOI) last released its quarterly earnings data on Thursday, August 11th. The company reported ($0.34) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.25. The firm earned $7.10 million during the quarter, compared to analysts’ expectations of $11.07 million. The company’s quarterly revenue was down 56.2% on a year-over-year basis. On average, analysts predict that Energy Focus Inc. will post ($0.97) EPS 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 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 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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