Energy Focus (NASDAQ:EFOI) Share Price Passes Above 50-Day Moving Average of $1.96

Energy Focus, Inc. (NASDAQ:EFOI) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $1.96 and traded as high as $2.10. Energy Focus shares last traded at $2.01, with a volume of 10,300 shares.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Energy Focus in a report on Tuesday. They issued a “sell” rating for the company.

Energy Focus Stock Up 3.6 %

The business’s fifty day moving average is $1.96 and its 200-day moving average is $2.81. The stock has a market capitalization of $7.01 million, a PE ratio of -0.44 and a beta of 2.17.

Institutional Investors Weigh In On Energy Focus

An institutional investor recently bought a new position in Energy Focus stock. Renaissance Technologies LLC bought a new stake in Energy Focus, Inc. (NASDAQ:EFOI) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 196,414 shares of the construction company’s stock, valued at approximately $255,000. Renaissance Technologies LLC owned 2.53% of Energy Focus as of its most recent filing with the Securities & Exchange Commission. 0.92% of the stock is owned by institutional investors and hedge funds.

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.