Energy Focus (NASDAQ:EFOI) Stock Passes Below 200-Day Moving Average – Should You Sell?

Energy Focus, Inc. (NASDAQ:EFOI)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.40 and traded as low as $1.68. Energy Focus shares last traded at $1.70, with a volume of 21,372 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed 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, the company has an average rating of “Sell”.

Energy Focus Stock Performance

The stock’s 50 day simple moving average is $2.13 and its 200 day simple moving average is $2.40. The firm has a market cap of $9.76 million, a PE ratio of -10.00 and a beta of 1.56.

Institutional Investors Weigh In On Energy Focus

Large investors have recently added to or reduced their stakes in the company. DRW Securities LLC purchased a new position in shares of Energy Focus in the 4th quarter worth about $37,000. Citadel Advisors LLC bought a new stake in Energy Focus in the 3rd quarter worth approximately $37,000. Finally, Renaissance Technologies LLC bought a new stake in Energy Focus in the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 3.67% of the company’s stock.

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.