Energy Focus (NASDAQ:EFOI) Shares Cross Below 200 Day Moving Average – Should You Sell?

Energy Focus, Inc. (NASDAQ:EFOI)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.40 and traded as low as $1.75. Energy Focus shares last traded at $1.78, with a volume of 2,733 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Energy Focus in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Energy Focus Stock Performance

The firm’s 50-day moving average price is $2.18 and its two-hundred day moving average price is $2.40. The firm has a market cap of $10.22 million, a PE ratio of -10.47 and a beta of 1.54.

Institutional Trading of Energy Focus

A number of hedge funds and other institutional investors have recently made changes to their positions in EFOI. Renaissance Technologies LLC acquired a new stake in Energy Focus during the 4th quarter worth $27,000. DRW Securities LLC acquired a new stake in shares of Energy Focus during the fourth quarter worth about $37,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Energy Focus during the third quarter worth about $37,000. Institutional investors and hedge funds 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.