Shares of Energy Focus Inc. (NASDAQ:EFOI) hit a new 52-week low on Friday . The company traded as low as $4.02 and last traded at $4.14, with a volume of 164,214 shares traded. The stock had previously closed at $4.30.

A number of brokerages have recently weighed in on EFOI. Zacks Investment Research raised shares of Energy Focus from a “sell” rating to a “hold” rating in a research note on Monday, April 25th. FBR & Co reduced their price target on shares of Energy Focus from $12.00 to $10.00 and set an “outperform” rating for the company in a research note on Thursday, May 12th. Canaccord Genuity reaffirmed a “hold” rating on shares of Energy Focus in a research note on Thursday, May 12th. Benchmark Co. lowered shares of Energy Focus from a “buy” rating to a “hold” rating in a research note on Friday, August 12th. Finally, Oppenheimer Holdings Inc. lowered shares of Energy Focus from a “buy” rating to a “hold” rating in a research note on Friday, August 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $15.39.

The stock’s market cap is $48.51 million. The stock’s 50 day moving average price is $5.61 and its 200-day moving average price is $7.32.

Energy Focus (NASDAQ:EFOI) last announced its earnings results on Thursday, August 11th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by $0.25. The company had revenue of $7.10 million for the quarter, compared to analyst estimates of $11.07 million. The firm’s revenue was down 56.2% on a year-over-year basis. Equities research analysts forecast that Energy Focus Inc. will post ($0.97) EPS for the current fiscal year.

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