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

Energy Focus, Inc. (NASDAQ:EFOI)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.39 and traded as low as $2.30. Energy Focus shares last traded at $2.36, with a volume of 6,580 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated 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, Based on data from MarketBeat, the company has an average rating of “Sell”.

Energy Focus Stock Performance

The company has a 50 day moving average of $2.44 and a 200 day moving average of $2.39. The stock has a market capitalization of $13.55 million, a price-to-earnings ratio of -13.88 and a beta of 1.45.

Energy Focus (NASDAQ:EFOI) last released its earnings results on Wednesday, November 12th. The construction company reported ($0.03) earnings per share (EPS) for the quarter. Energy Focus had a negative return on equity of 32.96% and a negative net margin of 24.97%.The business had revenue of $0.83 million for the quarter.

Hedge Funds Weigh In On Energy Focus

A hedge fund recently bought a new stake in Energy Focus stock. Citadel Advisors LLC bought a new stake in Energy Focus, Inc. (NASDAQ:EFOI) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,181 shares of the construction company’s stock, valued at approximately $37,000. Citadel Advisors LLC owned approximately 0.23% of Energy Focus as of its most recent SEC filing. 3.67% of the stock is owned by hedge funds and other institutional investors.

About Energy Focus

Energy Focus, Inc is a United States–based innovator in sustainable lighting and disinfection solutions. The company designs, manufactures and sells high-performance LED lighting fixtures and lamps tailored for commercial, industrial and specialty applications. In addition to energy-efficient illumination products, Energy Focus offers ultraviolet-C (UV-C) germicidal lighting systems designed to inactivate microbes on surfaces and in the air, addressing growing demand for hygienic environments in healthcare, education, transportation and other sectors.

Founded in 1985 as a spin-out of U.S.