Energy Focus, Inc. (NASDAQ:EFOI) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a report released on Friday.

A number of other brokerages have also recently weighed in 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. HC Wainwright reiterated a “buy” rating and set a $6.00 price target on shares of Energy Focus in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $3.95.

Shares of Energy Focus (NASDAQ EFOI) traded down 10.14% on Friday, hitting $2.48. 88,402 shares of the company traded hands. Energy Focus has a 12 month low of $1.51 and a 12 month high of $5.50. The company’s market capitalization is $29.40 million. The stock’s 50-day moving average price is $2.01 and its 200-day moving average price is $2.72.

Energy Focus (NASDAQ:EFOI) last issued its quarterly earnings results on Wednesday, August 9th. The construction company reported ($0.17) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.32) by $0.15. The firm had revenue of $6.01 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.34) EPS. On average, equities analysts predict that Energy Focus will post ($0.99) earnings per share for the current year.

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A number of large investors have recently modified their holdings of EFOI. Herald Investment Management Ltd acquired a new stake in Energy Focus during the 1st quarter worth $235,000. VIEX Capital Advisors LLC acquired a new stake in Energy Focus during the 1st quarter worth $112,000. Finally, WealthTrust Axiom LLC boosted its stake in Energy Focus by 6.5% during the 2nd quarter. WealthTrust Axiom LLC now owns 424,994 shares of the construction company’s stock worth $1,117,000 after purchasing an additional 26,054 shares during the period. Hedge funds and other institutional investors own 16.83% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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