Westpark Capital Reaffirms Outperform Rating for Research Frontiers Inc. (REFR)
Research Frontiers Inc. (NASDAQ:REFR)‘s stock had its “outperform” rating reaffirmed by stock analysts at Westpark Capital in a research note issued to investors on Wednesday. They presently have a $6.00 price target on the stock. Westpark Capital’s price objective points to a potential upside of 131.66% from the company’s previous close.
Other equities analysts also recently issued reports about the stock. Craig Hallum downgraded shares of Research Frontiers from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. Zacks Investment Research downgraded shares of Research Frontiers from a “buy” rating to a “hold” rating in a research note on Thursday, July 7th.
Shares of Research Frontiers (NASDAQ:REFR) remained flat at $2.59 during midday trading on Wednesday. 85,781 shares of the company’s stock were exchanged. Research Frontiers has a 52 week low of $2.56 and a 52 week high of $5.40. The firm’s 50 day moving average price is $2.92 and its 200-day moving average price is $3.77. The stock’s market capitalization is $62.27 million.
Research Frontiers (NASDAQ:REFR) last issued its earnings results on Thursday, August 4th. The company reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.07. Research Frontiers had a negative return on equity of 57.36% and a negative net margin of 330.58%. Analysts forecast that Research Frontiers will post ($0.17) EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. Raymond James & Associates increased its stake in shares of Research Frontiers by 33.3% in the second quarter. Raymond James & Associates now owns 28,000 shares of the company’s stock valued at $102,000 after buying an additional 7,000 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Research Frontiers by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 29,746 shares of the company’s stock valued at $108,000 after buying an additional 101 shares during the period. Granite Investment Partners LLC increased its stake in shares of Research Frontiers by 23.6% in the first quarter. Granite Investment Partners LLC now owns 190,645 shares of the company’s stock valued at $870,000 after buying an additional 36,440 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Research Frontiers by 0.8% in the second quarter. Vanguard Group Inc. now owns 654,138 shares of the company’s stock valued at $2,388,000 after buying an additional 5,400 shares during the period. Hedge funds and other institutional investors own 19.65% of the company’s stock.
About Research Frontiers
Research Frontiers Incorporated (Research Frontiers) is engaged in the development and marketing of technology and devices to control the flow of light. The Company develops and licenses its patented suspended particle device (SPD-Smart) light-control technology to other companies that manufacture and market either the SPD-Smart chemical emulsion, light-control film made from the chemical emulsion, lamination services, electronics to power end-products incorporating the film, or the end-products themselves, such as smart windows, skylights and sunroofs.
Receive News & Stock Ratings for Research Frontiers Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Research Frontiers Inc. and related stocks with our FREE daily email newsletter.