Energy Focus (NASDAQ:EFOI) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of Energy Focus (NASDAQ:EFOI) in a research note released on Tuesday. The firm issued a sell rating on the construction company’s stock.

Energy Focus Trading Down 4.8 %

Shares of EFOI stock opened at $1.40 on Tuesday. Energy Focus has a 1 year low of $1.20 and a 1 year high of $3.66. The stock has a market cap of $6.22 million, a P/E ratio of -0.50 and a beta of 1.83. The stock has a 50 day simple moving average of $1.63 and a 200 day simple moving average of $1.57.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Energy Focus stock. International Assets Investment Management LLC raised its position in shares of Energy Focus, Inc. (NASDAQ:EFOI) by 82.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,251 shares of the construction company’s stock after purchasing an additional 12,315 shares during the period. International Assets Investment Management LLC owned approximately 0.78% of Energy Focus worth $58,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 3.67% of the company’s stock.

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.