Energy Focus (NASDAQ:EFOI) Stock Breaks Above 50-Day Moving Average – Here’s Why

Energy Focus, Inc. (NASDAQ:EFOI)’s share price crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $2.86 and traded as high as $3.37. Energy Focus shares last traded at $3.05, with a volume of 21,461 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Energy Focus in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Energy Focus Price Performance

The company has a market cap of $20.07 million, a price-to-earnings ratio of -12.60 and a beta of 2.18. The business’s 50-day simple moving average is $2.87 and its 200-day simple moving average is $3.06.

Energy Focus (NASDAQ:EFOI) last issued its quarterly earnings data on Tuesday, August 11th. The construction company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.82) by $1.68. The business had revenue of $3.75 million during the quarter, compared to analysts’ expectations of $3.49 million. Energy Focus had a negative net margin of 23.77% and a negative return on equity of 42.44%.

Institutional Trading of Energy Focus

An institutional investor recently bought a new position in Energy Focus stock. Heck Capital Advisors LLC bought a new stake in Energy Focus, Inc. (NASDAQ:EFOI) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 35,297 shares of the construction company’s stock, valued at approximately $116,000. Heck Capital Advisors LLC owned approximately 0.56% of Energy Focus at the end of the most recent quarter. 3.67% of the stock is owned by hedge funds and other institutional investors.

Energy Focus Company Profile

Energy Focus, Inc is a technology and lighting company that develops energy-efficient LED lighting systems and control solutions for commercial, industrial, government and maritime customers. The company focuses on helping organizations modernize existing lighting infrastructure, improve energy efficiency and reduce maintenance requirements.

Its offerings have included LED retrofit products for indoor and outdoor applications, networked lighting controls, emergency lighting and specialized systems designed for naval and other marine environments.