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

Energy Focus, Inc. (NASDAQ:EFOI) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.35 and traded as low as $2.28. Energy Focus shares last traded at $2.3250, with a volume of 2,734 shares traded.

Analyst Upgrades and Downgrades

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

Energy Focus Price Performance

The business has a fifty day moving average of $2.66 and a 200 day moving average of $2.35. The stock has a market cap of $13.34 million, a PE ratio of -11.62 and a beta of 1.18.

Energy Focus (NASDAQ:EFOI) last announced its earnings results 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 26.19% and a negative return on equity of 37.67%. 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 bought a new position in Energy Focus, Inc. (NASDAQ:EFOI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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. Institutional investors and hedge funds own 3.67% of the company’s stock.

Energy Focus Company Profile

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.