Energy Focus (NASDAQ:EFOI) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Energy Focus, Inc. (NASDAQ:EFOI)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.35 and traded as high as $2.27. Energy Focus shares last traded at $2.05, with a volume of 277,626 shares.

Wall Street Analysts Forecast Growth

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

Energy Focus Stock Performance

The business’s 50 day moving average is $1.37 and its 200 day moving average is $1.35. The stock has a market cap of $10.78 million, a price-to-earnings ratio of -5.26 and a beta of 1.85.

About Energy Focus

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.