Research Frontiers (NASDAQ:REFR) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Research Frontiers Incorporated (NASDAQ:REFR) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.48 and traded as high as $1.72. Research Frontiers shares last traded at $1.70, with a volume of 37,967 shares.

Research Frontiers Stock Performance

The company’s 50 day moving average price is $1.22 and its 200 day moving average price is $1.48. The company has a market cap of $56.98 million, a price-to-earnings ratio of -56.67 and a beta of -0.09.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of REFR. Raymond James Financial Inc. acquired a new stake in Research Frontiers in the 4th quarter worth $28,000. Renaissance Technologies LLC grew its position in Research Frontiers by 34.2% in the 4th quarter. Renaissance Technologies LLC now owns 98,069 shares of the technology company’s stock worth $168,000 after purchasing an additional 24,969 shares during the last quarter. Finally, Focus Partners Wealth acquired a new stake in Research Frontiers in the 4th quarter worth $1,708,000. 11.91% of the stock is currently owned by institutional investors and hedge funds.

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.