Energy Focus (NASDAQ:EFOI) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Shares of Energy Focus, Inc. (NASDAQ:EFOI) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.27 and traded as low as $2.00. Energy Focus shares last traded at $2.03, with a volume of 2,831 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Energy Focus in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Energy Focus Stock Down 1.5%

The stock has a market capitalization of $12.80 million, a price-to-earnings ratio of -11.28 and a beta of 1.50. The business’s 50-day moving average is $1.90 and its two-hundred day moving average is $2.27.

Energy Focus (NASDAQ:EFOI) last released its quarterly earnings data on Tuesday, March 24th. The construction company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.89) by $1.83. The company had revenue of $0.98 million for the quarter, compared to analyst estimates of $3.89 million. Energy Focus had a negative return on equity of 31.83% and a negative net margin of 28.85%.

Institutional Investors Weigh In On Energy Focus

A number of hedge funds have recently added to or reduced their stakes in EFOI. DRW Securities LLC acquired a new stake in Energy Focus in the 4th quarter valued at about $37,000. Citadel Advisors LLC acquired a new stake in shares of Energy Focus in the 3rd quarter valued at $37,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Energy Focus in the 4th quarter valued at $27,000. 3.67% of the stock is currently owned by institutional investors and hedge funds.

Energy Focus Company Profile

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.