Shares of Energy Focus Inc. (NASDAQ:EFOI) have been given an average recommendation of “Hold” by the eight ratings firms that are currently covering the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $8.67.

EFOI has been the topic of several research reports. FBR & Co lowered Energy Focus from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $10.00 to $5.00 in a research report on Friday, August 12th. Oppenheimer Holdings Inc. lowered Energy Focus from a “buy” rating to a “hold” rating in a research report on Friday, August 12th. Benchmark Co. lowered Energy Focus from a “buy” rating to a “hold” rating in a research report on Friday, August 12th. Zacks Investment Research lowered Energy Focus from a “hold” rating to a “strong sell” rating in a research report on Monday, August 15th. Finally, Rodman & Renshaw increased their target price on Energy Focus from $8.00 to $16.00 and gave the stock a “buy” rating in a research report on Monday, August 15th.

A number of hedge funds have recently made changes to their positions in the stock. WealthTrust Axiom LLC increased its stake in shares of Energy Focus by 70.6% in the second quarter. WealthTrust Axiom LLC now owns 257,706 shares of the company’s stock valued at $1,608,000 after buying an additional 106,606 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Energy Focus during the second quarter valued at about $380,000. New Jersey Better Educational Savings Trust bought a new stake in shares of Energy Focus during the second quarter valued at about $300,000. State Treasurer State of Michigan increased its stake in shares of Energy Focus by 8.9% in the third quarter. State Treasurer State of Michigan now owns 553,283 shares of the company’s stock valued at $2,706,000 after buying an additional 45,000 shares in the last quarter. Finally, Cambridge Advisors Inc. increased its stake in shares of Energy Focus by 60.5% in the third quarter. Cambridge Advisors Inc. now owns 74,826 shares of the company’s stock valued at $366,000 after buying an additional 28,206 shares in the last quarter. Hedge funds and other institutional investors own 18.14% of the company’s stock.

Shares of Energy Focus (NASDAQ:EFOI) opened at 5.06 on Monday. The firm’s 50-day moving average price is $4.29 and its 200-day moving average price is $5.05. The stock’s market capitalization is $59.15 million. Energy Focus has a one year low of $2.95 and a one year high of $16.20.

Energy Focus (NASDAQ:EFOI) last issued its quarterly earnings results on Monday, November 14th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by $0.02. Energy Focus had a negative return on equity of 17.84% and a negative net margin of 18.99%. The business had revenue of $8.30 million for the quarter, compared to analysts’ expectations of $8.72 million. During the same period in the prior year, the company earned $0.41 EPS. The company’s revenue for the quarter was down 54.6% compared to the same quarter last year. Equities research analysts anticipate that Energy Focus will post ($1.02) EPS 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.

5 Day Chart for NASDAQ:EFOI

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