Energy Focus Inc (NASDAQ:EFOI) has earned a consensus rating of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $3.63.

A number of equities analysts recently issued reports on the stock. Roth Capital set a $2.00 target price on shares of Energy Focus and gave the company a “hold” rating in a research report on Friday, October 6th. B. Riley reissued a “neutral” rating on shares of Energy Focus in a report on Wednesday, November 1st. ValuEngine downgraded shares of Energy Focus from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 26th. Zacks Investment Research downgraded shares of Energy Focus from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, HC Wainwright reissued a “buy” rating and issued a $6.00 price target on shares of Energy Focus in a report on Thursday, November 9th.

A hedge fund recently raised its stake in Energy Focus stock. WealthTrust Axiom LLC raised its position in shares of Energy Focus Inc (NASDAQ:EFOI) by 8.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 461,144 shares of the construction company’s stock after buying an additional 36,150 shares during the quarter. WealthTrust Axiom LLC owned 3.89% of Energy Focus worth $1,258,000 at the end of the most recent quarter. 16.50% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Energy Focus (EFOI) traded down $0.11 on Thursday, reaching $2.87. 10,594 shares of the company were exchanged, compared to its average volume of 44,367. Energy Focus has a 12-month low of $1.51 and a 12-month high of $4.95.

Energy Focus (NASDAQ:EFOI) last announced its earnings results on Wednesday, November 8th. The construction company reported ($0.17) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.03. Energy Focus had a negative net margin of 77.18% and a negative return on equity of 45.60%. equities analysts forecast that Energy Focus will post -0.95 earnings per share for the current fiscal year.

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About Energy Focus

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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