Energy Focus (NASDAQ:EFOI) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Energy Focus, Inc. (NASDAQ:EFOI)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.46 and traded as low as $1.28. Energy Focus shares last traded at $1.31, with a volume of 3,303 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Energy Focus in a research report on Friday. They set a “sell” rating for the company.

Energy Focus Trading Down 6.5 %

The firm has a market cap of $5.79 million, a P/E ratio of -2.04 and a beta of 1.79. The business’s fifty day simple moving average is $1.34 and its 200-day simple moving average is $1.46.

Energy Focus (NASDAQ:EFOI) last announced its earnings results on Monday, August 12th. The construction company reported ($0.12) earnings per share (EPS) for the quarter. The company had revenue of $1.55 million for the quarter. Energy Focus had a negative net margin of 45.19% and a negative return on equity of 86.25%.

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.