Energy Focus (NASDAQ:EFOI) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Energy Focus (NASDAQ:EFOI) in a research note issued to investors on Saturday. The firm issued a sell rating on the construction company’s stock.

Energy Focus Price Performance

EFOI stock opened at $1.60 on Friday. The company’s 50 day simple moving average is $1.58 and its 200-day simple moving average is $1.65. The firm has a market capitalization of $6.96 million, a PE ratio of -0.57 and a beta of 1.86. Energy Focus has a 12 month low of $1.20 and a 12 month high of $4.13.

Hedge Funds Weigh In On Energy Focus

An institutional investor recently raised its position in Energy Focus stock. International Assets Investment Management LLC lifted its position in shares of Energy Focus, Inc. (NASDAQ:EFOI) by 82.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 27,251 shares of the construction company’s stock after buying an additional 12,315 shares during the period. International Assets Investment Management LLC owned 0.78% of Energy Focus worth $58,000 as of its most recent SEC filing. Institutional investors 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.