Energy Focus (NASDAQ:EFOI) has been assigned a $3.00 price objective by equities researchers at B. Riley in a report issued on Thursday. The brokerage currently has a “hold” rating on the construction company’s stock. B. Riley’s target price points to a potential upside of 5.63% from the stock’s current price.

A number of other research analysts have also weighed in on the company. ValuEngine lowered Energy Focus from a “sell” rating to a “strong sell” rating in a research report on Wednesday, November 22nd. Zacks Investment Research upgraded Energy Focus from a “hold” rating to a “buy” rating and set a $3.25 price objective for the company in a research report on Monday, November 13th. HC Wainwright restated a “buy” rating and set a $6.00 price objective on shares of Energy Focus in a research report on Thursday, November 9th. Finally, Roth Capital set a $2.00 price objective on Energy Focus and gave the company a “hold” rating in a research report on Friday, October 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Energy Focus has a consensus rating of “Hold” and a consensus target price of $3.55.

Energy Focus (NASDAQ EFOI) opened at $2.84 on Thursday. Energy Focus has a 12-month low of $1.51 and a 12-month high of $5.20.

A hedge fund recently raised its stake in Energy Focus stock. WealthTrust Axiom LLC raised its holdings in shares of Energy Focus Inc (NASDAQ:EFOI) by 6.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 424,994 shares of the construction company’s stock after buying an additional 26,054 shares during the period. WealthTrust Axiom LLC owned about 3.61% of Energy Focus worth $1,117,000 at the end of the most recent reporting period. 16.71% of the stock is owned by hedge funds and other institutional investors.

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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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