Research Frontiers (NASDAQ:REFR) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Research Frontiers Incorporated (NASDAQ:REFR)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.64 and traded as high as $1.9970. Research Frontiers shares last traded at $1.99, with a volume of 97,423 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Research Frontiers in a report on Wednesday. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Research Frontiers Stock Up 13.1%

The stock has a market capitalization of $66.96 million, a price-to-earnings ratio of -39.80 and a beta of 0.34. The stock has a 50 day moving average price of $1.69 and a 200 day moving average price of $1.64.

Research Frontiers (NASDAQ:REFR) last released its quarterly earnings data on Thursday, November 6th. The technology company reported ($0.01) earnings per share (EPS) for the quarter. Research Frontiers had a negative net margin of 143.78% and a negative return on equity of 72.81%. The firm had revenue of $0.36 million during the quarter.

Hedge Funds Weigh In On Research Frontiers

An institutional investor recently raised its position in Research Frontiers stock. Raymond James Financial Inc. increased its holdings in Research Frontiers Incorporated (NASDAQ:REFR) by 151.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,337 shares of the technology company’s stock after purchasing an additional 24,902 shares during the quarter. Raymond James Financial Inc. owned approximately 0.12% of Research Frontiers worth $68,000 at the end of the most recent reporting period. 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.