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

Energy Focus, Inc. (NASDAQ:EFOI)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.43 and traded as low as $2.18. Energy Focus shares last traded at $2.2850, with a volume of 6,789 shares trading hands.

Wall Street Analysts Forecast Growth

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

Energy Focus Stock Performance

The firm has a market cap of $13.12 million, a price-to-earnings ratio of -13.44 and a beta of 1.51. The business has a fifty day moving average of $2.28 and a two-hundred day moving average of $2.43.

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

Hedge Funds Weigh In On Energy Focus

An institutional investor recently bought a new position in Energy Focus stock. Citadel Advisors LLC purchased a new stake in Energy Focus, Inc. (NASDAQ:EFOI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 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. 3.67% of the stock is owned by hedge funds and other institutional investors.

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.