Energy Focus Inc. (NASDAQ:EFOI) shot up 3.1% during mid-day trading on Thursday . The stock traded as high as $5.92 and last traded at $5.71, with a volume of 130,857 shares changing hands. The stock had previously closed at $5.54.

Several brokerages recently issued reports on EFOI. Zacks Investment Research downgraded shares of Energy Focus from a “hold” rating to a “sell” rating in a research note on Wednesday, April 6th. FBR & Co reiterated a “buy” rating on shares of Energy Focus in a research note on Wednesday, June 22nd. Finally, Canaccord Genuity downgraded shares of Energy Focus from a “buy” rating to a “hold” rating and cut their target price for the company from $20.00 to $8.00 in a research note on Wednesday, March 16th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $17.83.

The firm’s 50 day moving average price is $5.97 and its 200-day moving average price is $8.40. The firm has a market capitalization of $66.77 million and a P/E ratio of 11.28.

Energy Focus (NASDAQ:EFOI) last posted its earnings results on Wednesday, May 11th. The company reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.21) by $0.04. The business had revenue of $8.40 million for the quarter, compared to the consensus estimate of $8.19 million. Energy Focus’s revenue was down 33.1% compared to the same quarter last year. Analysts predict that Energy Focus Inc. will post ($0.12) EPS for the current year.

A hedge fund recently bought a new stake in Energy Focus stock. Oxford Asset Management bought a new stake in Energy Focus Inc. (NASDAQ:EFOI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 120,346 shares of the company’s stock, valued at approximately $1,672,000. Oxford Asset Management owned about 1.04% of Energy Focus at the end of the most recent reporting period.

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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