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

Energy Focus, Inc. (NASDAQ:EFOI) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $3.01 and traded as low as $2.60. Energy Focus shares last traded at $2.72, with a volume of 16,446 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Energy Focus in a report on Tuesday, July 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Energy Focus Price Performance

The firm has a market cap of $17.32 million, a price-to-earnings ratio of -10.88 and a beta of 2.17. The business has a 50-day moving average of $2.86 and a 200-day moving average of $3.01.

Energy Focus (NASDAQ:EFOI) last released its quarterly earnings data on Tuesday, August 11th. The construction company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.82) by $1.68. Energy Focus had a negative return on equity of 42.44% and a negative net margin of 23.77%.The firm had revenue of $3.75 million for the quarter, compared to analyst estimates of $3.49 million.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Energy Focus stock. Heck Capital Advisors LLC acquired a new position in shares of Energy Focus, Inc. (NASDAQ:EFOI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 35,297 shares of the construction company’s stock, valued at approximately $116,000. Heck Capital Advisors LLC owned 0.56% of Energy Focus as of its most recent SEC filing. 3.67% of the stock is owned by institutional investors.

Energy Focus Company Profile

Energy Focus, Inc is a lighting technology company that develops energy-efficient LED lighting systems and controls for commercial, industrial, government and maritime applications. The company provides products designed to improve energy efficiency, lighting quality and operational control in facilities and onboard vessels.

Its product portfolio has included LED retrofit kits, tubular LED lamps, LED luminaires and lighting-control solutions. Energy Focus has also developed connected lighting technologies, including systems that allow customers to monitor and manage lighting performance across commercial and institutional environments.

Founded in 1985 and headquartered in Solon, Ohio, Energy Focus has historically served the U.S.