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

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

The stock has a market capitalization of $64.44 million and a P/E ratio of 10.89. The stock’s 50 day moving average is $5.90 and its 200 day moving average is $8.16.

Energy Focus (NASDAQ:EFOI) last released its quarterly earnings results on Wednesday, May 11th. The company reported ($0.17) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.04. The company earned $8.40 million during the quarter, compared to analyst estimates of $8.19 million. The company’s revenue for the quarter was down 33.1% on a year-over-year basis. On average, analysts forecast that Energy Focus Inc. will post ($0.12) EPS for the current fiscal year.

An institutional investor recently raised its position in Energy Focus stock. Morgan Stanley raised its position in Energy Focus Inc. (NASDAQ:EFOI) by 9.3% during the fourth quarter, according to its most recent Form 13F filing 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 0.73% of Energy Focus worth $1,166,000 at the end of the most recent quarter.

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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