Energy Focus (NASDAQ:EFOI) Stock Crosses Below Two Hundred Day Moving Average of $1.58

Energy Focus, Inc. (NASDAQ:EFOI) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.58 and traded as low as $1.41. Energy Focus shares last traded at $1.49, with a volume of 7,753 shares changing hands.

Analysts Set New Price Targets

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

Energy Focus Stock Up 1.0 %

The stock’s fifty day simple moving average is $1.62 and its 200-day simple moving average is $1.58. The company has a market capitalization of $6.62 million, a PE ratio of -0.53 and a beta of 1.83.

Hedge Funds Weigh In On Energy Focus

A hedge fund recently bought a new stake in Energy Focus stock. Renaissance Technologies LLC purchased a new position in shares of Energy Focus, Inc. (NASDAQ:EFOI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 196,414 shares of the construction company’s stock, valued at approximately $255,000. Renaissance Technologies LLC owned 2.53% of Energy Focus at the end of the most recent reporting period. 3.67% of the stock is currently 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.