Energy Focus Inc. (NASDAQ:EFOI)‘s stock had its “hold” rating reiterated by investment analysts at FBR & Co in a research note issued on Tuesday.

EFOI has been the subject of a number of other reports. TheStreet downgraded Energy Focus from a “hold” rating to a “sell” rating in a research note on Friday, August 26th. Zacks Investment Research raised Energy Focus from a “strong sell” rating to a “hold” rating in a research note on Monday, October 17th. Roth Capital reaffirmed a “neutral” rating and set a $5.00 price target (down from $6.00) on shares of Energy Focus in a research note on Sunday, August 14th. Oppenheimer Holdings Inc. downgraded Energy Focus from a “buy” rating to a “hold” rating in a research note on Friday, August 12th. Finally, Benchmark Co. reissued a “buy” rating and set a $5.00 price objective (down previously from $6.00) on shares of Energy Focus in a report on Tuesday. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Energy Focus has a consensus rating of “Hold” and a consensus price target of $9.33.

Analyst Recommendations for Energy Focus (NASDAQ:EFOI)

Shares of Energy Focus (NASDAQ:EFOI) opened at 4.78 on Tuesday. The firm’s market capitalization is $55.88 million. Energy Focus has a 52-week low of $2.95 and a 52-week high of $16.20. The company’s 50 day moving average price is $4.27 and its 200 day moving average price is $5.13.

Energy Focus (NASDAQ:EFOI) last posted its quarterly earnings results on Monday, November 14th. The company reported ($0.27) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.25) by $0.02. Energy Focus had a negative return on equity of 17.26% and a negative net margin of 18.99%. The firm had revenue of $8.30 million for the quarter, compared to analysts’ expectations of $8.72 million. During the same period last year, the business earned $0.41 earnings per share. The firm’s revenue for the quarter was down 54.6% on a year-over-year basis. Analysts forecast that Energy Focus will post ($0.97) earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Menta Capital LLC raised its stake in Energy Focus by 10.2% in the second quarter. Menta Capital LLC now owns 19,410 shares of the company’s stock worth $121,000 after buying an additional 1,800 shares during the period. BlackRock Fund Advisors raised its stake in Energy Focus by 48.8% in the second quarter. BlackRock Fund Advisors now owns 25,421 shares of the company’s stock worth $159,000 after buying an additional 8,334 shares during the period. New Jersey Better Educational Savings Trust raised its stake in Energy Focus by 4.2% in the third quarter. New Jersey Better Educational Savings Trust now owns 50,000 shares of the company’s stock worth $245,000 after buying an additional 2,000 shares during the period. Cambridge Advisors Inc. raised its stake in Energy Focus by 60.5% in the third quarter. Cambridge Advisors Inc. now owns 74,826 shares of the company’s stock worth $366,000 after buying an additional 28,206 shares during the period. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in Energy Focus during the second quarter worth about $380,000. 18.32% of the stock is currently owned by hedge funds and other institutional investors.

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.

5 Day Chart for NASDAQ:EFOI

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