Energy Focus (NASDAQ:EFOI) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Energy Focus, Inc. (NASDAQ:EFOI)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.87 and traded as low as $2.77. Energy Focus shares last traded at $2.78, with a volume of 6,333 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Energy Focus in a report on Tuesday, July 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Energy Focus currently has a consensus rating of “Sell”.

Energy Focus Stock Down 0.3%

The business has a fifty day moving average price of $2.96 and a 200-day moving average price of $2.87. The company has a market cap of $18.41 million, a P/E ratio of -11.56 and a beta of 2.16.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in EFOI. Renaissance Technologies LLC acquired a new stake in shares of Energy Focus during the fourth quarter worth $27,000. DRW Securities LLC acquired a new position in shares of Energy Focus in the fourth quarter valued at about $37,000. Citadel Advisors LLC bought a new position in Energy Focus during the third quarter worth about $37,000. Finally, Heck Capital Advisors LLC bought a new position in Energy Focus during the second quarter worth about $116,000. Institutional investors own 3.67% of the company’s stock.

About Energy Focus

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.