Energy Focus (NASDAQ:EFOI) has been given a $3.00 price target by equities research analysts at B. Riley in a report released on Thursday. The firm currently has a “hold” rating on the construction company’s stock. B. Riley’s price target would suggest a potential upside of 4.17% from the stock’s previous close.

A number of other equities analysts have also commented on the company. ValuEngine lowered Energy Focus from a “sell” rating to a “strong sell” rating in a research note on Wednesday, November 22nd. Zacks Investment Research raised 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 reissued a “buy” rating and set a $6.00 price target on shares of Energy Focus in a research note on Thursday, November 9th. Finally, Roth Capital set a $2.00 price target on Energy Focus and gave the company a “hold” rating in a research note on Friday, October 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $3.55.

Energy Focus (NASDAQ EFOI) traded up $0.08 during midday trading on Thursday, hitting $2.88. The stock had a trading volume of 21,900 shares, compared to its average volume of 41,386. Energy Focus has a 1 year low of $1.51 and a 1 year high of $5.24.

A hedge fund recently raised its stake in Energy Focus stock. WealthTrust Axiom LLC boosted its position in shares of Energy Focus Inc (NASDAQ:EFOI) by 8.5% in 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 period. WealthTrust Axiom LLC owned approximately 3.89% of Energy Focus worth $1,258,000 as of its most recent SEC filing. 16.71% of the stock is currently 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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