Energy Focus (NASDAQ:EFOI) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Energy Focus, Inc. (NASDAQ:EFOI)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.34 and traded as high as $1.45. Energy Focus shares last traded at $1.36, with a volume of 42,662 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Energy Focus in a research report on Thursday. They issued a “sell” rating on the stock.

Energy Focus Trading Up 6.7 %

The firm’s 50 day moving average is $1.33 and its two-hundred day moving average is $1.34. The stock has a market cap of $7.13 million, a price-to-earnings ratio of -3.47 and a beta of 1.85.

Energy Focus (NASDAQ:EFOI) last announced its earnings results on Tuesday, November 12th. The construction company reported ($0.06) earnings per share for the quarter. Energy Focus had a negative net margin of 35.77% and a negative return on equity of 71.48%. The firm had revenue of $1.20 million during the quarter.

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.