Research Frontiers (NASDAQ:REFR) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Research Frontiers Incorporated (NASDAQ:REFR) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.34 and traded as low as $0.99. Research Frontiers shares last traded at $0.9996, with a volume of 10,856 shares traded.

Analyst Ratings Changes

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

Research Frontiers Stock Up 2.6%

The company has a market capitalization of $34.74 million, a PE ratio of -16.66 and a beta of 0.54. The company has a 50-day moving average price of $0.97 and a two-hundred day moving average price of $1.34.

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

Institutional Trading of Research Frontiers

Hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. boosted its position in Research Frontiers by 151.5% during the second 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. XTX Topco Ltd purchased a new position in shares of Research Frontiers in the fourth quarter worth about $28,000. Finally, Virtu Financial LLC bought a new stake in shares of Research Frontiers in the 4th quarter valued at about $27,000. Hedge funds and other institutional investors 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.