B. Riley restated their hold rating on shares of Energy Focus (NASDAQ:EFOI) in a report issued on Friday. B. Riley also issued estimates for Energy Focus’ Q1 2019 earnings at ($0.11) EPS, Q2 2019 earnings at ($0.12) EPS, Q3 2019 earnings at ($0.11) EPS and Q4 2019 earnings at ($0.08) EPS.
Other research analysts have also recently issued reports about the company. Zacks Investment Research raised Energy Focus from a hold rating to a buy rating and set a $3.25 price objective for the company in a research report on Monday, November 13th. HC Wainwright reaffirmed a buy rating and set a $6.00 price objective on shares of Energy Focus in a research report on Thursday, November 9th. Finally, ValuEngine cut Energy Focus from a sell rating to a strong sell rating in a research report on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $3.45.
Shares of Energy Focus (NASDAQ:EFOI) opened at $2.58 on Friday. Energy Focus has a 1-year low of $1.51 and a 1-year high of $3.89.
An institutional investor recently raised its position in Energy Focus stock. WealthTrust Axiom LLC raised its holdings in shares of Energy Focus Inc (NASDAQ:EFOI) by 8.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 461,144 shares of the construction company’s stock after acquiring an additional 36,150 shares during the quarter. WealthTrust Axiom LLC owned approximately 3.89% of Energy Focus worth $1,258,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 16.86% of the company’s stock.
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.
Receive News & Ratings for Energy Focus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Focus and related companies with MarketBeat.com's FREE daily email newsletter.