Research Frontiers (NASDAQ:REFR) Stock Passes Below 200 Day Moving Average – Here’s What Happened

Research Frontiers Incorporated (NASDAQ:REFR)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.39 and traded as low as $0.91. Research Frontiers shares last traded at $0.93, with a volume of 20,736 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Research Frontiers in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Research Frontiers has an average rating of “Sell”.

Research Frontiers Stock Performance

The company has a 50-day simple moving average of $1.01 and a 200-day simple moving average of $1.39. The stock has a market cap of $32.32 million, a P/E ratio of -15.50 and a beta of 0.54.

Research Frontiers (NASDAQ:REFR) last issued its quarterly earnings data on Thursday, March 5th. The technology company reported ($0.02) earnings per share (EPS) for the quarter. Research Frontiers had a negative net margin of 182.60% and a negative return on equity of 122.96%. The business had revenue of $0.07 million during the quarter.

Hedge Funds Weigh In On Research Frontiers

Several institutional investors have recently bought and sold shares of the business. Virtu Financial LLC acquired a new stake in shares of Research Frontiers in the 4th quarter valued at $27,000. XTX Topco Ltd acquired a new stake in shares of Research Frontiers in the 4th quarter valued at $28,000. Finally, Raymond James Financial Inc. increased its stake in shares of Research Frontiers by 151.5% in the 2nd quarter. Raymond James Financial Inc. now owns 41,337 shares of the technology company’s stock valued at $68,000 after buying an additional 24,902 shares during the period. Institutional investors own 11.91% of the company’s stock.

Research Frontiers Company Profile

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.