Energy Focus (NASDAQ:EFOI) Shares Pass Below 200 Day Moving Average of $0.63

Energy Focus Inc (NASDAQ:EFOI)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.63 and traded as low as $0.39. Energy Focus shares last traded at $0.41, with a volume of 15,727 shares traded.

Separately, Zacks Investment Research cut shares of Energy Focus from a “hold” rating to a “sell” rating in a research note on Monday, July 29th.

The company has a market cap of $5.21 million, a P/E ratio of -0.58 and a beta of 0.83. The stock’s 50 day moving average is $0.48 and its 200-day moving average is $0.63. The company has a current ratio of 1.93, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Energy Focus (NASDAQ:EFOI) last announced its quarterly earnings results on Monday, July 22nd. The construction company reported ($0.24) earnings per share (EPS) for the quarter. The firm had revenue of $3.18 million during the quarter. Energy Focus had a negative return on equity of 77.00% and a negative net margin of 57.66%. As a group, sell-side analysts forecast that Energy Focus Inc will post -0.33 EPS for the current year.

A hedge fund recently raised its stake in Energy Focus stock. Vanguard Group Inc. boosted its holdings in Energy Focus Inc (NASDAQ:EFOI) by 31.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 145,247 shares of the construction company’s stock after buying an additional 34,742 shares during the quarter. Vanguard Group Inc. owned 1.17% of Energy Focus worth $59,000 at the end of the most recent quarter. 13.38% of the stock is currently owned by hedge funds and other institutional investors.

About Energy Focus (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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