Research Frontiers (NASDAQ:REFR) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Research Frontiers Incorporated (NASDAQ:REFR)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.60 and traded as low as $1.2670. Research Frontiers shares last traded at $1.32, with a volume of 41,952 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Research Frontiers in a research note on Monday, December 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Research Frontiers Price Performance

The company has a market capitalization of $44.42 million, a PE ratio of -22.00 and a beta of 0.31. The firm has a 50-day moving average of $1.64 and a 200 day moving average of $1.60.

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

Institutional Investors Weigh In On Research Frontiers

A hedge fund recently raised its stake in Research Frontiers stock. Raymond James Financial Inc. raised its stake in shares of 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. 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 about 0.12% of Research Frontiers worth $68,000 as of its most recent SEC filing. Institutional investors and hedge funds own 11.91% of the company’s stock.

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.