Equities researchers at StockNews.com initiated coverage on shares of Energy Focus (NASDAQ:EFOI – Get Free Report) in a research report issued to clients and investors on Thursday. The firm set a “sell” rating on the construction company’s stock.
Energy Focus Price Performance
Energy Focus stock opened at $1.63 on Thursday. The firm has a 50 day simple moving average of $1.55 and a 200-day simple moving average of $1.68. The stock has a market capitalization of $7.09 million, a PE ratio of -0.58 and a beta of 1.86. Energy Focus has a 12-month low of $1.20 and a 12-month high of $5.94.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Energy Focus stock. International Assets Investment Management LLC increased its stake in Energy Focus, Inc. (NASDAQ:EFOI – Free Report) by 82.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,251 shares of the construction company’s stock after acquiring an additional 12,315 shares during the period. International Assets Investment Management LLC owned approximately 0.78% of Energy Focus worth $58,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 0.92% of the company’s stock.
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.
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