Energy Focus Inc. (NASDAQ:EFOI) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $3.81 and last traded at $3.83, with a volume of 63,722 shares. The stock had previously closed at $3.90.

Several research analysts recently issued reports on the company. 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 increased their price objective on Energy Focus from $8.00 to $16.00 and gave the stock a “buy” rating in a research note on Monday, August 15th. FBR & Co cut Energy Focus from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $10.00 to $5.00 in a research note on Monday, August 15th. Roth Capital reissued a “neutral” rating and issued a $5.00 price objective (down previously from $6.00) on shares of Energy Focus in a research note on Sunday, August 14th. Finally, Oppenheimer Holdings Inc. cut Energy Focus from a “buy” rating to a “hold” rating in a research report on Friday, August 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Energy Focus currently has a consensus rating of “Hold” and a consensus target price of $15.39.

The firm has a 50 day moving average price of $5.38 and a 200-day moving average price of $7.11. The firm’s market capitalization is $45.42 million.

Energy Focus (NASDAQ:EFOI) last released 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 firm had revenue of $7.10 million for the quarter, compared to analysts’ expectations of $11.07 million. The business’s revenue for the quarter was down 56.2% on a year-over-year basis. Equities analysts expect that Energy Focus Inc. will post ($0.97) earnings per share for the current fiscal year.

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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