Research Frontiers (NASDAQ:REFR) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Research Frontiers Incorporated (NASDAQ:REFR) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.13 and traded as low as $0.72. Research Frontiers shares last traded at $0.74, with a volume of 24,613 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Research Frontiers in a report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Research Frontiers Trading Down 0.1%

The stock has a market cap of $25.46 million, a price-to-earnings ratio of -10.43 and a beta of 0.48. The stock has a fifty day simple moving average of $0.85 and a 200-day simple moving average of $1.12.

Research Frontiers (NASDAQ:REFR) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported ($0.02) EPS for the quarter. Research Frontiers had a negative return on equity of 159.20% and a negative net margin of 343.47%.The firm had revenue of $0.14 million during the quarter.

Institutional Trading of Research Frontiers

A number of hedge funds have recently modified their holdings of the company. Virtu Financial LLC bought a new stake in shares of Research Frontiers in the 4th quarter worth approximately $27,000. XTX Topco Ltd bought a new stake in Research Frontiers during the 4th quarter worth approximately $28,000. Finally, Raymond James Financial Inc. grew its position in Research Frontiers by 151.5% during the 2nd quarter. Raymond James Financial Inc. now owns 41,337 shares of the technology company’s stock worth $68,000 after acquiring an additional 24,902 shares during the last quarter. Institutional investors own 11.91% of the company’s stock.

Research Frontiers Company Profile

Research Frontiers Inc (NASDAQ:REFR) is a materials science company specializing in the development and licensing of its proprietary SPD-Smart™ light control film. This patented Suspended Particle Device technology enables electronic tinting of glass to provide variable light transmission, glare reduction and solar heat management. SPD-Smart films are designed for integration into architectural windows, automotive sunroofs and skylights, as well as aerospace and specialty applications.

The company’s core business model revolves around licensing its SPD technology and supplying the functional film to manufacturing partners.