Energy Focus (EFOI) Downgraded by Zacks Investment Research

Energy Focus (NASDAQ:EFOI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors 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 equities analysts have also recently issued reports on the company. B. Riley set a $3.00 price objective on Energy Focus and gave the company a “hold” rating in a report on Thursday, November 30th. ValuEngine cut Energy Focus from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 22nd. HC Wainwright reissued a “buy” rating and issued 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 company a “hold” rating in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Energy Focus has a consensus rating of “Hold” and an average target price of $3.45.

Shares of Energy Focus (EFOI) traded down $0.09 during mid-day trading on Tuesday, hitting $3.20. The stock had a trading volume of 30,378 shares, compared to its average volume of 79,167. The firm has a market cap of $37.94, a PE ratio of -2.18 and a beta of -0.13. Energy Focus has a fifty-two week low of $1.51 and a fifty-two week high of $5.17.

An institutional investor recently raised its position in Energy Focus stock. WealthTrust Axiom LLC grew its stake in Energy Focus Inc (NASDAQ:EFOI) by 8.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 461,144 shares of the construction company’s stock after buying an additional 36,150 shares during the quarter. WealthTrust Axiom LLC owned 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.

COPYRIGHT VIOLATION NOTICE: “Energy Focus (EFOI) Downgraded by Zacks Investment Research” was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2018/01/09/energy-focus-efoi-downgraded-by-zacks-investment-research.html.

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.

Leave a Reply