Energy Focus Inc (EFOI)

[Anthropoid]

Energy Focus Inc (EFOI) Stake Raised by State Treasurer State of Michigan

State Treasurer State of Michigan increased its stake in Energy Focus Inc (NASDAQ:EFOI) by 3.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).

The institutional investor owned 535,000 shares of the company’s stock after buying an additional 20,000 shares during the period. State Treasurer State of Michigan owned approximately 4.60% of Energy Focus worth $7,356,000 as of its most recent filing with the SEC.

Separately, Cambridge Advisors Inc. raised its position in shares of Energy Focus by 27.1% in the fourth quarter. Cambridge Advisors Inc. now owns 42,435 shares of the company’s stock valued at $583,000 after buying an additional 9,047 shares during the last quarter.

Shares of Energy Focus Inc (NASDAQ:EFOI) opened at 12.98 on Wednesday. The firm has a market cap of $150.91 million and a P/E ratio of 19.73. The firm has a 50-day moving average of $10.25 and a 200 day moving average of $14.09. Energy Focus Inc has a 12 month low of $4.60 and a 12 month high of $29.20.

Several research analysts have recently weighed in on EFOI shares. Benchmark Co. started coverage on shares of Energy Focus in a report on Friday, January 15th. They set a “buy” rating and a $20.00 price objective on the stock.

FBR & Co. restated an “outperform” rating and issued a $21.50 price target on shares of Energy Focus in a report on Wednesday, February 17th.

Roth Capital restated a “neutral” rating and issued a $20.00 price target (down previously from $23.00) on shares of Energy Focus in a report on Thursday, November 5th.

Canaccord Genuity started coverage on shares of Energy Focus in a report on Friday, November 6th. They issued a “buy” rating and a $20.00 price target on the stock.

Finally, Zacks Investment Research upgraded shares of Energy Focus from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Thursday, November 19th.

One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $20.72.

Energy Focus, Inc and its subsidiaries designs, develops, manufactures, and markets energy-efficient light emitting diode (NASDAQ:EFOI) lighting products, and is a provider of turnkey, energy-efficient, lighting retrofit solutions in the governmental and public sector market, and general commercial market.

http://www.thevistavoice.org/2016/03/02/energy-focus-inc-efoi-stake-raised-by-state-treasurer-state-of-michigan/897526/