Energy Focus Inc. (NASDAQ:EFOI)’s share price reached 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 equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Energy Focus from a “sell” rating to a “hold” rating in a research report on Monday, April 25th. FBR & Co dropped 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 report on Thursday, May 12th. Canaccord Genuity reiterated a “hold” rating on shares of Energy Focus in a research report on Thursday, May 12th. Benchmark Co. lowered shares of Energy Focus from a “buy” rating to a “hold” rating in a research report on Friday, August 12th. Finally, Oppenheimer Holdings Inc. lowered shares of Energy Focus from a “buy” rating to a “hold” rating in a research report on Friday, August 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $15.39.

The company’s market capitalization is $48.40 million. The firm has a 50-day moving average price of $5.54 and a 200 day moving average price of $7.27.

Energy Focus (NASDAQ:EFOI) last posted its quarterly 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 business had revenue of $7.10 million for the quarter, compared to the consensus estimate of $11.07 million. The firm’s revenue for the quarter was down 56.2% compared to the same quarter last year. Equities research analysts expect that Energy Focus Inc. will post ($0.97) EPS for the current year.

A hedge fund recently raised its stake in Energy Focus stock. Morgan Stanley raised its position in Energy Focus Inc. (NASDAQ:EFOI) by 9.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

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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