Energy Focus (NASDAQ:EFOI) Shares Cross Below 200 Day Moving Average – Should You Sell?

Energy Focus, Inc. (NASDAQ:EFOI)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.38 and traded as low as $2.01. Energy Focus shares last traded at $2.02, with a volume of 26,093 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Energy Focus in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Energy Focus Trading Down 17.9%

The stock has a fifty day moving average of $2.50 and a two-hundred day moving average of $2.38. The company has a market capitalization of $11.59 million, a PE ratio of -11.88 and a beta of 1.45.

Energy Focus (NASDAQ:EFOI) last issued 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 return on equity of 32.96% and a negative net margin of 24.97%.

Institutional Trading of Energy Focus

A hedge fund recently bought a new stake in Energy Focus stock. Citadel Advisors LLC acquired a new stake in shares of Energy Focus, Inc. (NASDAQ:EFOI) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 13,181 shares of the construction company’s stock, valued at approximately $37,000. Citadel Advisors LLC owned about 0.23% of Energy Focus at the end of the most recent quarter. Institutional investors own 3.67% of the company’s stock.

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.