Research Frontiers (NASDAQ:REFR) Stock Price Passes Above 200 Day Moving Average of $1.10

Research Frontiers Incorporated (NASDAQ:REFR) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.10 and traded as high as $1.66. Research Frontiers shares last traded at $1.53, with a volume of 49,374 shares.

Research Frontiers Price Performance

The company has a market cap of $51.27 million, a price-to-earnings ratio of -30.60 and a beta of 0.36. The business’s 50-day simple moving average is $1.22 and its 200-day simple moving average is $1.10.

Research Frontiers (NASDAQ:REFR) last announced its earnings results 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 return on equity of 46.24% and a negative net margin of 210.01%.

Hedge Funds Weigh In On Research Frontiers

A number of institutional investors have recently modified their holdings of the company. Wade G W & Inc. acquired a new position in shares of Research Frontiers in the fourth quarter valued at approximately $73,000. Goldman Sachs Group Inc. acquired a new position in Research Frontiers during the second quarter worth approximately $82,000. Ergoteles LLC acquired a new position in Research Frontiers during the second quarter worth approximately $29,000. Renaissance Technologies LLC acquired a new position in Research Frontiers during the second quarter worth approximately $46,000. Finally, BlackRock Inc. increased its position in Research Frontiers by 2.1% during the second quarter. BlackRock Inc. now owns 639,481 shares of the technology company’s stock worth $1,023,000 after purchasing an additional 13,156 shares during the last quarter. Institutional investors and hedge funds own 11.91% of the company’s stock.

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.