Energy Focus, Inc. (NASDAQ:EFOI – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.37 and traded as low as $1.76. Energy Focus shares last traded at $1.82, with a volume of 13,310 shares.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Energy Focus in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.
Check Out Our Latest Research Report on Energy Focus
Energy Focus Trading Up 0.6%
Institutional Investors Weigh In On Energy Focus
Several large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC acquired a new stake in Energy Focus during the 4th quarter worth approximately $27,000. Citadel Advisors LLC acquired a new position in shares of Energy Focus in the third quarter worth $37,000. Finally, DRW Securities LLC purchased a new stake in shares of Energy Focus during the fourth quarter worth $37,000. 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.
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