Energy Focus (NASDAQ:EFOI) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Energy Focus (NASDAQ:EFOI) in a research report report published on Tuesday. The brokerage issued a sell rating on the construction company’s stock.

Energy Focus Trading Down 4.8 %

Shares of EFOI opened at $1.40 on Tuesday. Energy Focus has a 1 year low of $1.20 and a 1 year high of $3.66. The stock has a 50 day simple moving average of $1.63 and a 200-day simple moving average of $1.57. The stock has a market cap of $6.22 million, a PE ratio of -0.50 and a beta of 1.83.

Hedge Funds Weigh In On Energy Focus

An institutional investor recently raised its position in Energy Focus stock. International Assets Investment Management LLC lifted its stake in Energy Focus, Inc. (NASDAQ:EFOI) by 50.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82,200 shares of the construction company’s stock after buying an additional 27,500 shares during the period. International Assets Investment Management LLC owned about 1.27% of Energy Focus worth $112,000 at the end of the most recent reporting period. 3.67% of the stock is currently owned by institutional investors and hedge funds.

Energy Focus Company Profile

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.