B. Riley Analysts Give Energy Focus (EFOI) a $3.00 Price Target

B. Riley set a $3.00 price target on Energy Focus (NASDAQ:EFOI) in a report issued on Thursday. The firm currently has a hold rating on the construction company’s stock.

EFOI has been the subject of several other research reports. ValuEngine upgraded Energy Focus from a strong sell rating to a sell rating in a research report on Friday, September 15th. Zacks Investment Research lowered Energy Focus from a buy rating to a hold rating in a research report on Wednesday, October 11th. Roth Capital set a $2.00 price target on Energy Focus and gave the stock a hold rating in a research report on Friday, October 6th. Finally, HC Wainwright reiterated a buy rating and issued a $6.00 price target on shares of Energy Focus in a research report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $3.55.

Energy Focus (EFOI) traded up $0.12 on Thursday, reaching $2.84. The company had a trading volume of 337,400 shares, compared to its average volume of 42,612. 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. Institutional investors own 16.71% 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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