Energy Focus (EFOI) Given a $3.00 Price Target by B. Riley Analysts

Energy Focus (NASDAQ:EFOI) has been assigned a $3.00 target price by stock analysts at B. Riley in a research note issued on Thursday, November 30th. The firm presently has a “hold” rating on the construction company’s stock. B. Riley’s price objective indicates a potential upside of 14.07% from the company’s previous close.

EFOI has been the subject of several other research reports. Roth Capital set a $2.00 target price on shares of Energy Focus and gave the stock a “hold” rating in a report on Friday, October 6th. ValuEngine upgraded shares of Energy Focus from a “strong sell” rating to a “sell” rating in a research report on Friday, September 15th. HC Wainwright reiterated a “buy” rating and issued a $6.00 target price on shares of Energy Focus in a research report on Thursday, August 10th. Finally, Zacks Investment Research lowered shares of Energy Focus from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $3.55.

Energy Focus (NASDAQ EFOI) traded down $0.04 during trading hours on Thursday, reaching $2.63. 25,600 shares of the company were exchanged, compared to its average volume of 42,358. Energy Focus has a 12 month low of $1.51 and a 12 month high of $5.18.

An institutional investor recently raised its position in Energy Focus stock. WealthTrust Axiom LLC boosted its position in shares of Energy Focus Inc (NASDAQ:EFOI) by 6.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 424,994 shares of the construction company’s stock after acquiring an additional 26,054 shares during the period. WealthTrust Axiom LLC owned about 3.61% of Energy Focus worth $1,117,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 16.71% 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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