Energy Focus (NASDAQ:EFOI) Earns Sell Rating from Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of Energy Focus (NASDAQ:EFOI) in a research note issued to investors on Monday. The brokerage set a “sell” rating on the construction company’s stock.

Energy Focus Stock Performance

Shares of NASDAQ EFOI opened at $1.46 on Monday. The business’s 50-day simple moving average is $1.60 and its 200-day simple moving average is $1.60. Energy Focus has a 52 week low of $1.20 and a 52 week high of $4.13. The firm has a market cap of $6.49 million, a price-to-earnings ratio of -0.52 and a beta of 1.83.

Hedge Funds Weigh In On Energy Focus

An institutional investor recently raised its position in Energy Focus stock. International Assets Investment Management LLC increased its position in Energy Focus, Inc. (NASDAQ:EFOI) by 82.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,251 shares of the construction company’s stock after acquiring an additional 12,315 shares during the quarter. International Assets Investment Management LLC owned about 0.78% of Energy Focus worth $58,000 at the end of the most recent quarter. 3.67% of the stock is currently owned by hedge funds and other institutional investors.

About Energy Focus

Energy Focus, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and sells energy-efficient lighting systems, and controls and ultraviolet-C light disinfection products in the United States and internationally. It offers military maritime market light-emitting diode (LED) lighting products, such as Military-grade Intellitube retrofit TLED and the Invisitube ultra-low EMI TLED; and Military-grade fixtures, including LED globe lights, berth lights; high-bay fixtures and LED retrofit kits to serve the United States navy and allied foreign navies.