Energy Focus Inc. (NASDAQ:EFOI) was down 3.4% on Tuesday . The company traded as low as $3.97 and last traded at $3.98, with a volume of 130,206 shares trading hands. The stock had previously closed at $4.12.

A number of equities research analysts recently weighed in on EFOI shares. FBR & Co reaffirmed a “buy” rating on shares of Energy Focus in a report on Wednesday, June 22nd. Roth Capital reaffirmed a “neutral” rating and set a $5.00 price target (down from $6.00) on shares of Energy Focus in a report on Sunday, August 14th. Zacks Investment Research lowered shares of Energy Focus from a “hold” rating to a “strong sell” rating in a report on Monday, August 15th. Oppenheimer Holdings Inc. lowered shares of Energy Focus from a “buy” rating to a “hold” rating in a report on Friday, August 12th. Finally, Canaccord Genuity reissued a “hold” rating on shares of Energy Focus in a report on Thursday, May 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $15.39.

The firm’s market capitalization is $46.53 million. The company’s 50-day moving average is $5.48 and its 200-day moving average is $7.17.

Energy Focus (NASDAQ:EFOI) last posted its earnings results on Thursday, August 11th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by $0.25. The business had revenue of $7.10 million for the quarter, compared to analysts’ expectations of $11.07 million. The firm’s revenue was down 56.2% compared to the same quarter last year. On average, equities research analysts anticipate that Energy Focus Inc. will post ($0.97) earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Energy Focus stock. Morgan Stanley raised 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 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 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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