Energy Focus (NASDAQ:EFOI) Shares Pass Below 200 Day Moving Average of $1.58

Energy Focus, Inc. (NASDAQ:EFOI) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.58 and traded as low as $1.41. Energy Focus shares last traded at $1.49, with a volume of 7,753 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Energy Focus in a research note on Tuesday. They issued a “sell” rating on the stock.

Energy Focus Stock Down 0.7 %

The stock’s 50 day simple moving average is $1.63 and its two-hundred day simple moving average is $1.58.

Institutional Trading of Energy Focus

A hedge fund recently raised its stake in Energy Focus stock. International Assets Investment Management LLC lifted its holdings in Energy Focus, Inc. (NASDAQ:EFOI) by 82.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,251 shares of the construction company’s stock after purchasing an additional 12,315 shares during the quarter. International Assets Investment Management LLC owned 0.78% of Energy Focus worth $58,000 as of its most recent SEC filing. 3.67% of the stock is currently owned by hedge funds and other institutional investors.

About Energy Focus

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.