Shares of Energy Focus Inc. (NASDAQ:EFOI) traded 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 trading hands. The stock had previously closed at $5.54.

Several analysts have issued reports on the company. FBR & Co restated a “buy” rating on shares of Energy Focus in a report on Wednesday, June 22nd. Canaccord Genuity restated a “hold” rating on shares of Energy Focus in a report on Thursday, May 12th. Finally, Zacks Investment Research upgraded Energy Focus from a “sell” rating to a “hold” rating in a report on Monday, April 25th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Energy Focus currently has an average rating of “Buy” and a consensus target price of $17.83.

The company’s 50-day moving average is $5.94 and its 200 day moving average is $8.34. The firm has a market cap of $65.13 million and a price-to-earnings ratio of 11.00.

Energy Focus (NASDAQ:EFOI) last posted its quarterly earnings results on Wednesday, May 11th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.04. The firm had revenue of $8.40 million for the quarter, compared to analysts’ expectations of $8.19 million. Energy Focus’s revenue was down 33.1% compared to the same quarter last year. On average, equities research analysts expect that Energy Focus Inc. will post ($0.12) earnings per share for the current year.

An institutional investor recently raised its position in Energy Focus stock. Morgan Stanley boosted its position in shares of Energy Focus Inc. (NASDAQ:EFOI) by 9.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 84,827 shares of the company’s stock after buying an additional 7,210 shares during the period. Morgan Stanley owned about 0.73% of Energy Focus worth $1,166,000 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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