Research Frontiers (NASDAQ:REFR) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Research Frontiers Incorporated (NASDAQ:REFR) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.62 and traded as low as $1.30. Research Frontiers shares last traded at $1.38, with a volume of 96,016 shares trading hands.

Analyst Upgrades and Downgrades

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

Research Frontiers Price Performance

The firm has a 50-day simple moving average of $1.71 and a two-hundred day simple moving average of $1.62. The company has a market cap of $46.43 million, a PE ratio of -23.00 and a beta of 0.27.

Research Frontiers (NASDAQ:REFR) last released its quarterly earnings results on Thursday, November 6th. The technology company reported ($0.01) earnings per share (EPS) for the quarter. Research Frontiers had a negative return on equity of 90.72% and a negative net margin of 153.95%.The firm had revenue of $0.36 million for the quarter.

Institutional Trading of Research Frontiers

A hedge fund recently raised its stake in Research Frontiers stock. Raymond James Financial Inc. raised its position in Research Frontiers Incorporated (NASDAQ:REFR) by 151.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,337 shares of the technology company’s stock after buying an additional 24,902 shares during the period. Raymond James Financial Inc. owned approximately 0.12% of Research Frontiers worth $68,000 at the end of the most recent quarter. 11.91% of the stock is currently owned by institutional investors and hedge funds.

About Research Frontiers

Research Frontiers Inc (NASDAQ:REFR) is a materials science company specializing in the development and licensing of its proprietary SPD-Smart™ light control film. This patented Suspended Particle Device technology enables electronic tinting of glass to provide variable light transmission, glare reduction and solar heat management. SPD-Smart films are designed for integration into architectural windows, automotive sunroofs and skylights, as well as aerospace and specialty applications.

The company’s core business model revolves around licensing its SPD technology and supplying the functional film to manufacturing partners.