Energy Focus, Inc. (EFOI) Earns Buy Rating from HC Wainwright
HC Wainwright restated their buy rating on shares of Energy Focus, Inc. (NASDAQ:EFOI) in a research note released on Thursday morning. They currently have a $6.00 target price on the construction company’s stock.
A number of other analysts have also commented on EFOI. Zacks Investment Research upgraded shares of Energy Focus from a hold rating to a buy rating and set a $2.25 price target for the company in a research note on Friday, August 11th. ValuEngine upgraded shares of Energy Focus from a strong sell rating to a sell rating in a research note on Friday, September 15th. Roth Capital set a $2.00 price target on shares of Energy Focus and gave the stock a hold rating in a research note on Friday, October 6th. Finally, B. Riley reiterated a neutral rating on shares of Energy Focus in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Energy Focus has an average rating of Hold and an average price target of $3.63.
Shares of Energy Focus (NASDAQ EFOI) traded down $0.03 during mid-day trading on Thursday, hitting $2.85. 13,500 shares of the stock were exchanged, compared to its average volume of 41,936. Energy Focus has a 52-week low of $1.51 and a 52-week high of $5.32.
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An institutional investor recently raised its position in Energy Focus stock. WealthTrust Axiom LLC increased its holdings in Energy Focus, Inc. (NASDAQ:EFOI) by 8.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 reporting period. Institutional investors and hedge funds own 17.12% of the company’s stock.
Energy Focus Company Profile
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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