Shares of Energy Focus, Inc. (NASDAQ:EFOI) have been assigned a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $3.95.

A number of brokerages recently weighed in on EFOI. ValuEngine raised shares of Energy Focus from a “strong sell” rating to a “sell” rating in a research note on Friday. Zacks Investment Research raised shares of Energy Focus from a “hold” rating to a “buy” rating and set a $2.25 target price on the stock in a research note on Friday, August 11th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $6.00 target price on shares of Energy Focus in a research note on Thursday, August 10th.

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Shares of Energy Focus (NASDAQ EFOI) opened at 2.74 on Friday. Energy Focus has a one year low of $1.51 and a one year high of $5.50. The company’s market capitalization is $32.48 million. The company’s 50 day moving average is $2.00 and its 200 day moving average is $2.72.

Energy Focus (NASDAQ:EFOI) last announced its earnings results on Wednesday, August 9th. The construction company reported ($0.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.15. The business had revenue of $6.01 million for the quarter, compared to the consensus estimate of $5.24 million. Energy Focus had a negative net margin of 72.83% and a negative return on equity of 43.27%. Energy Focus’s quarterly revenue was down 15.6% on a year-over-year basis. During the same period last year, the firm posted ($0.34) earnings per share. Equities research analysts predict that Energy Focus will post ($0.99) earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in EFOI. Herald Investment Management Ltd purchased a new position in shares of Energy Focus during the first quarter worth approximately $235,000. VIEX Capital Advisors LLC purchased a new position in shares of Energy Focus during the first quarter worth approximately $112,000. Finally, WealthTrust Axiom LLC raised its stake in shares of Energy Focus by 6.5% during the second quarter. WealthTrust Axiom LLC now owns 424,994 shares of the construction company’s stock worth $1,117,000 after acquiring an additional 26,054 shares in the last quarter. 16.83% of the stock is currently owned by institutional investors and hedge funds.

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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