Shares of Energy Focus Inc. (NASDAQ:EFOI) dropped 3.8% during trading on Tuesday . The company traded as low as $4.50 and last traded at $4.56, with a volume of 68,489 shares. The stock had previously closed at $4.74.

EFOI has been the subject of a number of research analyst reports. Zacks Investment Research lowered Energy Focus from a “hold” rating to a “sell” rating in a report on Tuesday, April 19th. FBR & Co reduced their target price on Energy Focus from $12.00 to $10.00 and set an “outperform” rating for the company in a report on Thursday, May 12th. Canaccord Genuity reissued a “hold” rating on shares of Energy Focus in a report on Thursday, May 12th. Benchmark Co. lowered Energy Focus from a “buy” rating to a “hold” rating in a report on Friday. Finally, Oppenheimer Holdings Inc. lowered Energy Focus from a “buy” rating to a “hold” rating in a report on Friday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $15.39.

The company’s market capitalization is $53.19 million. The stock’s 50 day moving average is $5.72 and its 200-day moving average is $7.40.

Energy Focus (NASDAQ:EFOI) last posted its earnings results on Thursday, August 11th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by $0.25. The business earned $7.10 million during the quarter, compared to the consensus estimate of $11.07 million. The firm’s revenue for the quarter was down 56.2% on a year-over-year basis. On average, equities research analysts expect that Energy Focus Inc. will post ($0.55) EPS for the current fiscal year.

A hedge fund recently raised its stake in Energy Focus stock. Morgan Stanley increased its position in Energy Focus Inc. (NASDAQ:EFOI) by 9.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 84,827 shares of the company’s stock after buying an additional 7,210 shares during the period. Morgan Stanley owned approximately 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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