Raymond James Financial Inc. Invests $28,000 in Research Frontiers Incorporated (NASDAQ:REFR)

Raymond James Financial Inc. acquired a new stake in shares of Research Frontiers Incorporated (NASDAQ:REFR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,435 shares of the technology company’s stock, valued at approximately $28,000.

Separately, Geode Capital Management LLC raised its stake in Research Frontiers by 13.6% during the 3rd quarter. Geode Capital Management LLC now owns 297,077 shares of the technology company’s stock valued at $651,000 after buying an additional 35,472 shares during the last quarter. 11.91% of the stock is owned by hedge funds and other institutional investors.

Research Frontiers Price Performance

NASDAQ REFR opened at $0.97 on Monday. The stock has a market capitalization of $32.64 million, a price-to-earnings ratio of -32.34 and a beta of 0.14. Research Frontiers Incorporated has a 1-year low of $0.93 and a 1-year high of $2.41. The business’s fifty day moving average price is $1.26 and its 200-day moving average price is $1.66.

Research Frontiers (NASDAQ:REFR) last posted its earnings results on Thursday, March 6th. The technology company reported ($0.02) earnings per share for the quarter. The firm had revenue of $0.18 million during the quarter. Research Frontiers had a negative net margin of 80.60% and a negative return on equity of 38.15%.

Research Frontiers Company Profile

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.