Energy Focus (NASDAQ:EFOI) Earns Sell Rating from Analysts at StockNews.com

Research analysts at StockNews.com started coverage on shares of Energy Focus (NASDAQ:EFOI – Get Rating) in a note issued to investors on Sunday. The brokerage set a “sell” rating on the construction company’s stock.

Energy Focus Price Performance

Shares of NASDAQ:EFOI opened at $0.49 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.36 and a debt-to-equity ratio of 0.53. Energy Focus has a 12 month low of $0.28 and a 12 month high of $3.12. The stock has a market cap of $4.74 million, a P/E ratio of -0.31 and a beta of 2.33. The company has a 50 day moving average of $0.55 and a 200 day moving average of $0.52.

Institutional Investors Weigh In On Energy Focus

A hedge fund recently bought a new stake in Energy Focus stock. Renaissance Technologies LLC acquired a new position in Energy Focus, Inc. (NASDAQ:EFOI – Get Rating) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 196,414 shares of the construction company’s stock, valued at approximately $255,000. Renaissance Technologies LLC owned about 2.53% of Energy Focus as of its most recent filing with the Securities and Exchange Commission. 4.99% of the stock is currently owned by institutional investors and hedge funds.

About Energy Focus

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Energy Focus, Inc designs, develops, manufactures, and markets energy-efficient LED lighting products. It operates through the marketing and sale of commercial, industrial, and military maritime lighting products and research and development services. The company was founded in 1985 and is headquartered in Solon, OH.