Energy Focus (NASDAQ:EFOI) Stock Crosses Below Two Hundred Day Moving Average of $0.47

Energy Focus Inc (NASDAQ:EFOI) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.47 and traded as low as $0.43. Energy Focus shares last traded at $0.43, with a volume of 4,900 shares trading hands.

Several research analysts recently commented on EFOI shares. Zacks Investment Research downgraded Energy Focus from a “hold” rating to a “sell” rating in a research note on Monday, July 29th. HC Wainwright raised Energy Focus to a “buy” rating and set a $2.75 price objective for the company in a research note on Monday, September 16th.

The company has a 50 day moving average of $0.45 and a 200 day moving average of $0.47. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.64 and a current ratio of 1.71. The stock has a market capitalization of $5.26 million, a price-to-earnings ratio of -0.57 and a beta of 0.91.

Energy Focus (NASDAQ:EFOI) last issued its earnings results on Friday, September 13th. The construction company reported ($0.18) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.18). The company had revenue of $3.08 million during the quarter. Energy Focus had a negative return on equity of 99.79% and a negative net margin of 69.05%. On average, equities analysts predict that Energy Focus Inc will post -0.68 EPS for the current fiscal year.

An institutional investor recently raised its position in Energy Focus stock. Vanguard Group Inc. raised its stake in Energy Focus Inc (NASDAQ:EFOI) by 31.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 145,247 shares of the construction company’s stock after buying an additional 34,742 shares during the quarter. Vanguard Group Inc. owned approximately 1.17% of Energy Focus worth $59,000 at the end of the most recent quarter. 13.28% of the stock is currently owned by institutional investors.

Energy Focus Company Profile (NASDAQ:EFOI)

Energy Focus, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and sells energy-efficient lighting systems in the United States and internationally. It offers various light-emitting diode (LED) lighting technologies, including military maritime products, such as Military Intellitube, globe lights, berth lights, and fixtures to serve the United States navy and allied foreign navies.

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