Energy Focus (NASDAQ:EFOI) Research Coverage Started at StockNews.com

Equities researchers at StockNews.com began coverage on shares of Energy Focus (NASDAQ:EFOI) in a note issued to investors on Tuesday. The firm set a “sell” rating on the construction company’s stock.

Energy Focus Price Performance

EFOI stock opened at $1.49 on Tuesday. Energy Focus has a 1 year low of $1.20 and a 1 year high of $3.76. The company has a market cap of $6.62 million, a P/E ratio of -0.53 and a beta of 1.83. The firm has a 50-day moving average of $1.62 and a 200 day moving average of $1.58.

Hedge Funds Weigh In On Energy Focus

A hedge fund recently raised its stake in Energy Focus stock. International Assets Investment Management LLC increased its stake in Energy Focus, Inc. (NASDAQ:EFOI) by 50.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,200 shares of the construction company’s stock after buying an additional 27,500 shares during the period. International Assets Investment Management LLC owned 1.27% of Energy Focus worth $112,000 at the end of the most recent reporting period. 3.67% of the stock is owned by institutional investors.

About Energy Focus

Energy Focus, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and sells energy-efficient lighting systems, and controls and ultraviolet-C light disinfection products in the United States and internationally. It offers military maritime market light-emitting diode (LED) lighting products, such as Military-grade Intellitube retrofit TLED and the Invisitube ultra-low EMI TLED; and Military-grade fixtures, including LED globe lights, berth lights; high-bay fixtures and LED retrofit kits to serve the United States navy and allied foreign navies.