Energy Focus (NASDAQ:EFOI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

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. “

A number of other research analysts also recently issued reports on EFOI. ValuEngine upgraded shares of Energy Focus from a “strong sell” rating to a “sell” rating in a research report on Friday, September 15th. Roth Capital set a $2.00 price target on shares of Energy Focus and gave the company a “hold” rating in a research report on Friday, October 6th. B. Riley reiterated a “neutral” rating on shares of Energy Focus in a research report on Wednesday, November 1st. 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, three have given a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $3.55.

Energy Focus (EFOI) traded down $0.08 during trading on Monday, reaching $2.45. 57,900 shares of the company’s stock were exchanged, compared to its average volume of 48,022. Energy Focus has a 52 week low of $1.51 and a 52 week high of $5.18. The firm has a market cap of $29.88, a P/E ratio of -1.67 and a beta of -0.11.

An institutional investor recently raised its position in Energy Focus stock. WealthTrust Axiom LLC lifted its position in Energy Focus Inc (NASDAQ:EFOI) by 8.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 461,144 shares of the construction company’s stock after acquiring an additional 36,150 shares during the period. WealthTrust Axiom LLC owned approximately 3.89% of Energy Focus worth $1,258,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 16.50% of the company’s stock.

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Energy Focus Company Profile

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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