Energy Focus (NASDAQ:EFOI) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Energy Focus, Inc. (NASDAQ:EFOI)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.43 and traded as low as $2.41. Energy Focus shares last traded at $2.47, with a volume of 13,696 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Energy Focus in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Energy Focus Stock Performance

The company has a 50 day moving average of $2.27 and a two-hundred day moving average of $2.43. The stock has a market capitalization of $14.18 million, a PE ratio of -14.53 and a beta of 1.51.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Energy Focus stock. Citadel Advisors LLC purchased a new position in Energy Focus, Inc. (NASDAQ:EFOI) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 13,181 shares of the construction company’s stock, valued at approximately $37,000. Citadel Advisors LLC owned about 0.23% of Energy Focus at the end of the most recent quarter. 3.67% of the stock is owned by 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.