Energy Focus Inc. (NASDAQ:EFOI) saw strong trading volume on Thursday . 140,286 shares were traded during mid-day 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 equities analysts have recently issued reports on the company. FBR & Co cut Energy Focus from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $10.00 to $5.00 in a research note on Friday, August 12th. Zacks Investment Research cut Energy Focus from a “hold” rating to a “strong sell” rating in a research note on Monday, August 15th. Rodman & Renshaw boosted their target price on Energy Focus from $8.00 to $16.00 and gave the stock a “buy” rating in a research note on Monday, August 15th. Oppenheimer Holdings Inc. cut Energy Focus from a “buy” rating to a “hold” rating in a research note on Friday, August 12th. Finally, Canaccord Genuity restated a “hold” rating on shares of Energy Focus in a research note on Thursday, May 12th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $15.39.

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

Energy Focus (NASDAQ:EFOI) last announced its quarterly earnings results 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 business earned $7.10 million during 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. On average, 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 boosted its stake 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 approximately 0.73% of Energy Focus worth $1,166,000 as of its most recent SEC filing.

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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