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

Energy Focus, Inc. (NASDAQ:EFOI) crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $3.10 and traded as low as $2.66. Energy Focus shares last traded at $2.85, with a volume of 11,253 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Energy Focus in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Energy Focus has a consensus rating of “Sell”.

Energy Focus Stock Up 5.9%

The firm has a fifty day moving average price of $2.85 and a two-hundred day moving average price of $3.12. The stock has a market capitalization of $18.22 million, a P/E ratio of -11.44 and a beta of 2.18.

Energy Focus (NASDAQ:EFOI) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $3.49 million. Energy Focus had a negative net margin of 23.77% and a negative return on equity of 42.44%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Energy Focus stock. Heck Capital Advisors LLC acquired a new stake in shares of Energy Focus, Inc. (NASDAQ:EFOI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 35,297 shares of the construction company’s stock, valued at approximately $116,000. Heck Capital Advisors LLC owned about 0.56% of Energy Focus at the end of the most recent reporting period. Institutional investors own 3.67% of the company’s stock.

About Energy Focus

Energy Focus, Inc is a technology and lighting company that develops energy-efficient LED lighting systems and control solutions for commercial, industrial, government and maritime customers. The company focuses on helping organizations modernize existing lighting infrastructure, improve energy efficiency and reduce maintenance requirements.

Its offerings have included LED retrofit products for indoor and outdoor applications, networked lighting controls, emergency lighting and specialized systems designed for naval and other marine environments.