Energy Focus (NASDAQ:EFOI) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Energy Focus, Inc. (NASDAQ:EFOI) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.38 and traded as low as $2.01. Energy Focus shares last traded at $2.02, with a volume of 26,093 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Energy Focus in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Energy Focus Trading Down 1.4%

The stock has a market capitalization of $12.17 million, a PE ratio of -12.47 and a beta of 1.45. The business’s 50 day moving average is $2.48 and its 200 day moving average is $2.38.

Energy Focus (NASDAQ:EFOI) last released its quarterly earnings results on Wednesday, November 12th. The construction company reported ($0.03) EPS for the quarter. Energy Focus had a negative net margin of 24.97% and a negative return on equity of 32.96%. The business had revenue of $0.83 million during the quarter.

Institutional Investors Weigh In On Energy Focus

An institutional investor recently bought a new position in Energy Focus stock. Citadel Advisors LLC acquired a new stake in Energy Focus, Inc. (NASDAQ:EFOI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,181 shares of the construction company’s stock, valued at approximately $37,000. Citadel Advisors LLC owned about 0.23% of Energy Focus at the end of the most recent reporting period. 3.67% of the stock is 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.