Energy Focus (NASDAQ:EFOI) Stock Crosses Below 200-Day Moving Average – Here’s Why

Energy Focus, Inc. (NASDAQ:EFOI) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.91 and traded as low as $2.77. Energy Focus shares last traded at $2.83, with a volume of 2,747 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Energy Focus in a research note on Tuesday, July 21st. One investment 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 0.7%

The company’s fifty day moving average price is $2.94 and its two-hundred day moving average price is $2.91. The firm has a market cap of $18.15 million, a PE ratio of -11.40 and a beta of 2.17.

Energy Focus (NASDAQ:EFOI) last posted its quarterly earnings results on Tuesday, August 11th. The construction company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.82) by $1.68. The firm had revenue of $3.75 million during the quarter, compared to analysts’ expectations of $3.49 million. Energy Focus had a negative net margin of 23.77% and a negative return on equity of 42.44%.

Hedge Funds Weigh In On Energy Focus

Large investors have recently modified their holdings of the business. Renaissance Technologies LLC purchased a new position in Energy Focus in the fourth quarter worth $27,000. Citadel Advisors LLC purchased a new stake in shares of Energy Focus during the 3rd quarter worth $37,000. DRW Securities LLC purchased a new stake in shares of Energy Focus during the 4th quarter worth $37,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Energy Focus during the 2nd quarter worth $116,000. 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.