Energy Focus (NASDAQ:EFOI) Share Price Crosses Below 200 Day Moving Average – Here’s Why

Energy Focus, Inc. (NASDAQ:EFOIGet 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%

The company has a market capitalization of $10.45 million, a PE ratio of -10.71 and a beta of 1.56. The business has a fifty day moving average of $2.06 and a 200 day moving average of $2.37.

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

(Get Free Report)

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.

Further Reading

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