Shares of Energy Focus Inc. (NASDAQ:EFOI) fell 3.4% during mid-day trading on Tuesday . The stock traded as low as $3.97 and last traded at $3.98, with a volume of 130,206 shares changing hands. The stock had previously closed at $4.12.

Several research firms recently issued reports on EFOI. Zacks Investment Research downgraded Energy Focus from a “hold” rating to a “strong sell” rating in a research note on Monday, August 15th. Rodman & Renshaw boosted their price target on Energy Focus from $8.00 to $16.00 and gave the company a “buy” rating in a research note on Monday, August 15th. FBR & Co downgraded Energy Focus from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $10.00 to $5.00 in a research note on Monday, August 15th. Roth Capital restated a “neutral” rating and issued a $5.00 price target (down from $6.00) on shares of Energy Focus in a research note on Sunday, August 14th. Finally, Oppenheimer Holdings Inc. downgraded Energy Focus from a “buy” rating to a “hold” rating in a research report on Friday, August 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $15.39.

The firm has a 50 day moving average of $5.38 and a 200 day moving average of $7.11. The firm’s market capitalization is $45.59 million.

Energy Focus (NASDAQ:EFOI) last issued its quarterly earnings results on Thursday, August 11th. The company reported ($0.34) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by $0.25. The company earned $7.10 million during the quarter, compared to the consensus estimate of $11.07 million. Energy Focus’s quarterly revenue was down 56.2% compared to the same quarter last year. Analysts predict that Energy Focus Inc. will post ($0.97) earnings per share for the current year.

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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