Research Frontiers (NASDAQ:REFR) Stock Price Passes Above 200-Day Moving Average of $1.08

Research Frontiers Incorporated (NASDAQ:REFR) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.08 and traded as high as $1.44. Research Frontiers shares last traded at $1.36, with a volume of 69,695 shares changing hands.

Research Frontiers Price Performance

The stock has a market capitalization of $45.57 million, a price-to-earnings ratio of -27.20 and a beta of 0.36. The business’s fifty day moving average price is $1.15 and its 200-day moving average price is $1.08.

Research Frontiers (NASDAQ:REFR) last issued its quarterly earnings data on Thursday, March 7th. The technology company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $0.31 million for the quarter. Research Frontiers had a negative net margin of 210.01% and a negative return on equity of 46.24%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in REFR. Atria Wealth Solutions Inc. purchased a new position in Research Frontiers during the first quarter worth about $63,000. Kingsview Wealth Management LLC purchased a new position in Research Frontiers during the second quarter worth about $63,000. Jane Street Group LLC purchased a new position in Research Frontiers during the third quarter worth about $40,000. Money Concepts Capital Corp purchased a new position in Research Frontiers during the fourth quarter worth about $124,000. Finally, Virtu Financial LLC purchased a new position in Research Frontiers during the fourth quarter worth about $29,000. 11.91% of the stock is currently owned by hedge funds and other institutional investors.

About Research Frontiers

Research Frontiers Incorporated engages in the development and marketing of technology and devices to control the flow of light worldwide. It develops and licenses suspended particle device (SPD-Smart) light-control technology to companies that manufacture and market the SPD-Smart chemical emulsion, light-control film made from the chemical emulsion, the light-control panels made by laminating the film, and electronics to power end-products incorporating the film, as well as lamination services for and the end-products, such as windows, skylights, and sunroofs.