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

Research Frontiers Incorporated (NASDAQ:REFR)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.61 and traded as high as $1.87. Research Frontiers shares last traded at $1.87, with a volume of 113,069 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Research Frontiers in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Research Frontiers presently has an average rating of “Sell”.

Research Frontiers Stock Performance

The business’s fifty day moving average price is $1.63 and its two-hundred day moving average price is $1.61. The stock has a market capitalization of $62.92 million, a P/E ratio of -37.40 and a beta of 0.34.

Research Frontiers (NASDAQ:REFR) last issued its quarterly earnings data on Thursday, November 6th. The technology company reported ($0.01) earnings per share for the quarter. Research Frontiers had a negative return on equity of 72.81% and a negative net margin of 143.78%.The company had revenue of $0.36 million for the quarter.

Institutional Trading of Research Frontiers

A hedge fund recently raised its stake in Research Frontiers stock. Raymond James Financial Inc. increased its stake in Research Frontiers Incorporated (NASDAQ:REFR) by 151.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,337 shares of the technology company’s stock after buying an additional 24,902 shares during the quarter. Raymond James Financial Inc. owned about 0.12% of Research Frontiers worth $68,000 as of its most recent SEC filing. Institutional investors and hedge funds own 11.91% of the company’s stock.

About Research Frontiers

Research Frontiers Incorporated engages in the development and marketing of technology and devices to control the flow of light worldwide. It develops and licenses suspended particle device (SPD-Smart) light-control technology to companies that manufacture and market the SPD-Smart chemical emulsion, light-control film made from the chemical emulsion, the light-control panels made by laminating the film, and electronics to power end-products incorporating the film, as well as lamination services for and the end-products, such as windows, skylights, and sunroofs.