Energy Focus (EFOI) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of Energy Focus (NASDAQ:EFOI) from a buy rating to a hold rating in a report published on Monday morning.

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 brokerages have also weighed in on EFOI. ValuEngine lowered Energy Focus from a sell rating to a strong sell rating in a research note on Wednesday, November 22nd. B. Riley set a $3.00 price objective on Energy Focus and gave the stock a hold rating in a report on Thursday, November 30th. HC Wainwright restated a buy rating and set a $6.00 price objective on shares of Energy Focus in a report on Thursday, November 9th. Finally, Roth Capital set a $2.00 price objective on Energy Focus and gave the stock a hold rating in a report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $3.45.

Energy Focus (EFOI) opened at $3.02 on Monday. Energy Focus has a 52 week low of $1.51 and a 52 week high of $5.18. The firm has a market capitalization of $35.81, a price-to-earnings ratio of -2.05 and a beta of -0.13.

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 & Exchange Commission. The fund owned 461,144 shares of the construction company’s stock after buying 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 SEC filing. Institutional investors and hedge funds 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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