Energy Focus (NASDAQ:EFOI) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Energy Focus, Inc. (NASDAQ:EFOI) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.42 and traded as low as $2.06. Energy Focus shares last traded at $2.06, with a volume of 9,676 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Energy Focus in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, Energy Focus has an average rating of “Sell”.

Energy Focus Stock Performance

The company has a market capitalization of $11.82 million, a PE ratio of -12.12 and a beta of 1.54. The company’s fifty day moving average is $2.25 and its 200-day moving average is $2.42.

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

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 position in shares of Energy Focus, Inc. (NASDAQ:EFOI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 13,181 shares of the construction company’s stock, valued at approximately $37,000. Citadel Advisors LLC owned approximately 0.23% of Energy Focus at the end of the most recent quarter. 3.67% of the stock is currently 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.