Zacks Investment Research lowered shares of Energy Focus (NASDAQ:EFOI) from a buy rating to a hold rating in a report published on Monday, January 1st.
According to Zacks, “Energy Focus, Inc. is a leading provider and innovator of energy efficient LED lighting products. As the creator of the only 100-percent flicker-free LED products on the market, Energy Focus products provide extensive energy savings, aesthetics, safety and health benefits over conventional and fluorescent lighting. As a longstanding partner with the US Government providing energy efficient LED lighting products to the U.S. Navy and the Military Sealift Command fleets, Energy Focus products go through rigorous testing in the most adverse conditions possible and still have a zero percent failure rate. In the commercial sphere, customers include national, state and local U.S. government agencies as well as Fortune 500 companies across education, healthcare, retail and manufacturing. Energy Focus is headquartered in Solon, Ohio, with additional sales offices in Washington, D.C., New York and Taiwan. “
Other equities research analysts also recently issued reports about the stock. B. Riley reissued a neutral rating on shares of Energy Focus in a research note on Wednesday, November 1st. 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. ValuEngine downgraded shares of Energy Focus from a sell rating to a strong sell rating in a research note on Tuesday, September 26th. Finally, Roth Capital set a $2.00 price target on shares of Energy Focus and gave the stock a hold rating in a research note on Friday, October 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Energy Focus presently has an average rating of Hold and a consensus target price of $3.45.
Shares of Energy Focus (EFOI) opened at $3.22 on Monday. The firm has a market cap of $38.42, a P/E ratio of -2.19 and a beta of -0.13. Energy Focus has a 12 month low of $1.51 and a 12 month high of $5.17.
A hedge fund recently raised its stake in Energy Focus stock. WealthTrust Axiom LLC raised its position in Energy Focus Inc (NASDAQ:EFOI) by 8.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 461,144 shares of the construction company’s stock after purchasing 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 filing with the SEC. 16.50% of the stock is currently owned by 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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