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

Shares of Research Frontiers Incorporated (NASDAQ:REFR) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.58 and traded as low as $1.31. Research Frontiers shares last traded at $1.33, with a volume of 14,629 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Research Frontiers in a report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Research Frontiers Price Performance

The firm has a market capitalization of $44.75 million, a P/E ratio of -22.17 and a beta of 0.31. The company’s 50 day moving average price is $1.57 and its 200 day moving average price is $1.58.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Research Frontiers stock. Raymond James Financial Inc. grew its holdings in Research Frontiers Incorporated (NASDAQ:REFR) by 151.5% during the 2nd quarter, according to its most recent filing with the Securities and 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 owned by hedge funds and other institutional investors.

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.