Energy Focus (NASDAQ:EFOI) Shares Pass Below 200-Day Moving Average – What’s Next?

Energy Focus, Inc. (NASDAQ:EFOI) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.39 and traded as low as $2.30. Energy Focus shares last traded at $2.36, with a volume of 6,580 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Energy Focus in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Energy Focus Stock Performance

The firm has a market cap of $13.55 million, a price-to-earnings ratio of -13.88 and a beta of 1.45. The company has a 50 day moving average price of $2.44 and a 200 day moving average price of $2.39.

Energy Focus (NASDAQ:EFOI) last issued its quarterly earnings data on Wednesday, November 12th. The construction company reported ($0.03) earnings per share (EPS) for the quarter. Energy Focus had a negative net margin of 24.97% and a negative return on equity of 32.96%. The company had revenue of $0.83 million during the quarter.

Hedge Funds Weigh In On Energy Focus

An institutional investor recently bought a new position in Energy Focus stock. Citadel Advisors LLC bought a new stake in Energy Focus, Inc. (NASDAQ:EFOI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 13,181 shares of the construction company’s stock, valued at approximately $37,000. Citadel Advisors LLC owned about 0.23% of Energy Focus as of its most recent filing with the Securities and Exchange Commission. 3.67% of the stock is currently owned by hedge funds and other institutional investors.

About Energy Focus

Energy Focus, Inc is a United States–based innovator in sustainable lighting and disinfection solutions. The company designs, manufactures and sells high-performance LED lighting fixtures and lamps tailored for commercial, industrial and specialty applications. In addition to energy-efficient illumination products, Energy Focus offers ultraviolet-C (UV-C) germicidal lighting systems designed to inactivate microbes on surfaces and in the air, addressing growing demand for hygienic environments in healthcare, education, transportation and other sectors.

Founded in 1985 as a spin-out of U.S.