Energy Focus Inc. (NASDAQ:EFOI)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $5.50 and last traded at $5.62, with a volume of 37,993 shares. The stock had previously closed at $5.59.

Several research firms have recently commented on EFOI. FBR & Co restated a “buy” rating and set a $12.00 price target on shares of Energy Focus in a research report on Saturday, April 9th. Canaccord Genuity reiterated a “hold” rating on shares of Energy Focus in a research report on Thursday, May 12th. Finally, Zacks Investment Research lowered shares of Energy Focus from a “hold” rating to a “sell” rating in a research report on Tuesday, April 19th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Energy Focus has a consensus rating of “Buy” and a consensus price target of $17.83.

The firm’s 50 day moving average price is $5.94 and its 200 day moving average price is $8.34. The firm has a market capitalization of $64.79 million and a P/E ratio of 10.94.

Energy Focus (NASDAQ:EFOI) last issued its quarterly earnings data 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 company 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. On average, analysts anticipate that Energy Focus Inc. will post ($0.12) earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Energy Focus stock. Morgan Stanley increased its position in shares of Energy Focus Inc. (NASDAQ:EFOI) by 9.3% during the fourth quarter, according to its most recent Form 13F filing with the 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 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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