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

Energy Focus, Inc. (NASDAQ:EFOI)’s stock price crossed 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.

Wall Street Analyst Weigh In

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

Energy Focus Price Performance

The stock’s 50 day moving average price is $2.65 and its two-hundred day moving average price is $2.35. The firm has a market capitalization of $13.49 million, a price-to-earnings ratio of -11.75 and a beta of 1.18.

Energy Focus (NASDAQ:EFOI) last posted its earnings results on Wednesday, November 12th. The construction company reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $0.83 million during the quarter. Energy Focus had a negative net margin of 26.19% and a negative return on equity of 37.67%.

Institutional Trading of Energy Focus

A hedge fund recently bought a new stake in Energy Focus stock. Citadel Advisors LLC purchased a new position in shares of Energy Focus, Inc. (NASDAQ:EFOI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing. 3.67% of the stock is owned by institutional investors and hedge funds.

About Energy Focus

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.