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

Shares of Energy Focus, Inc. (NASDAQ:EFOI) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.43 and traded as low as $2.41. Energy Focus shares last traded at $2.47, with a volume of 13,696 shares trading hands.

Wall Street Analyst Weigh In

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

Energy Focus Price Performance

The firm has a fifty day moving average of $2.27 and a two-hundred day moving average of $2.43. The stock has a market capitalization of $14.18 million, a P/E ratio of -14.53 and a beta of 1.51.

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

Institutional Inflows and Outflows

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 the company in 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 approximately 0.23% of Energy Focus at the end of the most recent reporting period. Hedge funds and other institutional investors own 3.67% of the company’s stock.

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.