Energy Focus (NASDAQ:EFOI) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Energy Focus, Inc. (NASDAQ:EFOI)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.68 and traded as high as $3.25. Energy Focus shares last traded at $3.10, with a volume of 15,007 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Energy Focus from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Energy Focus Price Performance

The stock has a market cap of $19.53 million, a price-to-earnings ratio of -20.67 and a beta of 2.15. The stock’s 50 day simple moving average is $3.66 and its two-hundred day simple moving average is $2.68.

Energy Focus (NASDAQ:EFOI) last released its quarterly earnings data on Tuesday, May 12th. The construction company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($1.82) by $1.80. Energy Focus had a negative return on equity of 25.63% and a negative net margin of 23.09%.The company had revenue of $0.95 million for the quarter, compared to analyst estimates of $3.49 million.

Hedge Funds Weigh In On Energy Focus

A number of institutional investors have recently modified their holdings of EFOI. DRW Securities LLC bought a new position in Energy Focus in the 4th quarter worth approximately $37,000. Citadel Advisors LLC bought a new position in Energy Focus in the 3rd quarter valued at $37,000. Finally, Renaissance Technologies LLC bought a new position in Energy Focus in the 4th quarter valued at $27,000. 3.67% of the stock is owned by institutional investors.

Energy Focus Company Profile

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.