Energy Focus (NASDAQ:EFOI) Coverage Initiated at StockNews.com

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

Energy Focus Trading Up 5.0 %

Shares of NASDAQ:EFOI opened at $1.47 on Tuesday. The stock has a market capitalization of $6.53 million, a PE ratio of -0.53 and a beta of 1.83. Energy Focus has a 1 year low of $1.20 and a 1 year high of $3.66. The firm has a fifty day moving average price of $1.63 and a 200 day moving average price of $1.57.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Energy Focus stock. International Assets Investment Management LLC boosted its stake in shares of Energy Focus, Inc. (NASDAQ:EFOI) by 50.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,200 shares of the construction company’s stock after purchasing an additional 27,500 shares during the quarter. International Assets Investment Management LLC owned about 1.27% of Energy Focus worth $112,000 at the end of the most recent quarter. 3.67% of the stock is currently owned by institutional investors and hedge funds.

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.