Zacks Investment Research Downgrades Energy Focus (EFOI) to Hold

Energy Focus (NASDAQ:EFOI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

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. “

Several other research analysts have also weighed in on the stock. B. Riley set a $3.00 price objective on shares of Energy Focus and gave the stock a “hold” rating in a research note on Thursday, November 30th. ValuEngine lowered shares of Energy Focus from a “sell” rating to a “strong sell” rating in a research note on Wednesday, November 22nd. HC Wainwright reiterated a “buy” rating and issued 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 shares of Energy Focus and gave the company a “hold” rating in a research note on Friday, October 6th. One equities research 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 stock has a consensus rating of “Hold” and a consensus price target of $3.45.

Energy Focus (EFOI) traded down $0.01 during trading on Tuesday, hitting $3.19. 8,500 shares of the stock traded hands, compared to its average volume of 69,071. The firm has a market cap of $37.82, a price-to-earnings ratio of -2.17 and a beta of -0.13. Energy Focus has a one year low of $1.51 and a one year high of $5.17.

An institutional investor recently raised its position in Energy Focus stock. WealthTrust Axiom LLC lifted 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 13F filing with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission. 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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