B. Riley Reiterates $3.00 Price Target for Energy Focus (EFOI)

B. Riley set a $3.00 price objective on Energy Focus (NASDAQ:EFOI) in a research note issued to investors on Thursday. The firm currently has a hold rating on the construction company’s stock.

Several other brokerages have also recently commented on EFOI. ValuEngine cut Energy Focus from a sell rating to a strong sell rating in a report on Wednesday, November 22nd. Zacks Investment Research upgraded Energy Focus from a hold rating to a buy rating and set a $2.25 target price on the stock in a report on Friday, August 11th. HC Wainwright reiterated a buy rating and issued a $6.00 target price on shares of Energy Focus in a report on Thursday, November 9th. Finally, Roth Capital set a $2.00 target price on Energy Focus and gave the company a hold rating in a report on Friday, October 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Energy Focus has a consensus rating of Hold and a consensus price target of $3.55.

Shares of Energy Focus (NASDAQ:EFOI) traded up $0.12 during mid-day trading on Thursday, reaching $2.84. The company had a trading volume of 337,447 shares, compared to its average volume of 30,124. Energy Focus has a 1-year low of $1.51 and a 1-year high of $5.20.

A hedge fund recently raised its stake in Energy Focus stock. WealthTrust Axiom LLC boosted its stake in Energy Focus Inc (NASDAQ:EFOI) by 6.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 424,994 shares of the construction company’s stock after acquiring an additional 26,054 shares during the period. WealthTrust Axiom LLC owned 3.61% of Energy Focus worth $1,117,000 at the end of the most recent quarter. 16.71% of the stock is currently owned by institutional investors.

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About Energy Focus

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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