Research Frontiers Inc. (REFR) Upgraded by Zacks Investment Research to “Hold”
According to Zacks, “RESEARCH FRONTIERS INC. is primarily engaged in the development and licensing of suspended particle technology and devices to control the transmission of light. “
Several other research firms have also weighed in on REFR. Westpark Capital reissued an outperform rating and set a $6.00 price target on shares of Research Frontiers in a research report on Wednesday, September 28th. Craig Hallum lowered Research Frontiers from a buy rating to a hold rating in a research report on Friday, August 5th.
Research Frontiers (NASDAQ:REFR) opened at 2.48 on Friday. The firm’s market capitalization is $59.63 million. Research Frontiers has a 52-week low of $2.41 and a 52-week high of $5.40. The company’s 50-day moving average price is $2.83 and its 200 day moving average price is $3.68.
Research Frontiers (NASDAQ:REFR) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.03) by $0.07. Research Frontiers had a negative net margin of 330.58% and a negative return on equity of 57.36%. Equities research analysts predict that Research Frontiers will post ($0.17) earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of REFR. Raymond James & Associates raised its position 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 last quarter. Bank of New York Mellon Corp raised its position 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 last quarter. Finally, Vanguard Group Inc. raised its position 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 last quarter. 19.65% of the stock is currently owned by institutional investors.
Research Frontiers Company Profile
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.
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