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

Energy Focus, Inc. (NASDAQ:EFOI) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.40 and traded as low as $1.75. Energy Focus shares last traded at $1.78, with a volume of 2,733 shares changing hands.

Wall Street Analysts Forecast Growth

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

Energy Focus Stock Up 0.0%

The stock has a market capitalization of $10.22 million, a PE ratio of -10.47 and a beta of 1.54. The firm’s fifty day moving average is $2.18 and its 200-day moving average is $2.40.

Institutional Trading of Energy Focus

A number of institutional investors have recently modified their holdings of EFOI. DRW Securities LLC acquired a new position in Energy Focus during the fourth quarter worth $37,000. Citadel Advisors LLC purchased a new stake in shares of Energy Focus during the 3rd quarter worth $37,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Energy Focus during the 4th quarter worth $27,000. 3.67% of the stock is currently 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.