Energy Focus Inc (EFOI) Given Average Recommendation of “Hold” by Analysts

Shares of Energy Focus Inc (NASDAQ:EFOI) have been assigned a consensus rating of “Hold” from the six brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $3.63.

Several analysts recently weighed in on EFOI shares. ValuEngine lowered Energy Focus from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 22nd. Zacks Investment Research raised Energy Focus from a “hold” rating to a “buy” rating and set a $2.75 target price for the company in a report on Wednesday, January 3rd. HC Wainwright reaffirmed a “buy” rating and set a $6.00 target price on shares of Energy Focus in a report on Thursday, November 9th. Finally, B. Riley reaffirmed a “hold” rating and set a $3.00 target price on shares of Energy Focus in a report on Thursday, November 9th.

Shares of Energy Focus (NASDAQ EFOI) opened at $2.21 on Monday. The firm has a market capitalization of $26.20, a PE ratio of -1.50 and a beta of -0.17. Energy Focus has a fifty-two week low of $1.51 and a fifty-two week high of $4.80.

A hedge fund recently raised its stake in Energy Focus stock. WealthTrust Axiom LLC grew its stake in shares of Energy Focus Inc (NASDAQ:EFOI) by 9.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 502,949 shares of the construction company’s stock after purchasing an additional 41,805 shares during the quarter. WealthTrust Axiom LLC owned approximately 4.24% of Energy Focus worth $1,232,000 as of its most recent SEC filing. Institutional investors own 16.45% of the company’s stock.

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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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