Research Frontiers (NASDAQ:REFR) Posts Earnings Results

Research Frontiers (NASDAQ:REFR) announced its quarterly earnings results on Thursday. The technology company reported ($0.02) EPS for the quarter, FiscalAI reports. The firm had revenue of $0.07 million for the quarter. Research Frontiers had a negative net margin of 153.95% and a negative return on equity of 90.72%.

Research Frontiers Price Performance

Shares of NASDAQ:REFR traded down $0.02 during trading on Thursday, hitting $0.99. The company had a trading volume of 37,546 shares, compared to its average volume of 41,039. The stock has a market cap of $33.34 million, a price-to-earnings ratio of -16.51 and a beta of 0.43. The company has a fifty day simple moving average of $1.19 and a two-hundred day simple moving average of $1.46. Research Frontiers has a one year low of $0.93 and a one year high of $2.70.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. raised its stake in shares of Research Frontiers by 151.5% in the second quarter. Raymond James Financial Inc. now owns 41,337 shares of the technology company’s stock valued at $68,000 after acquiring an additional 24,902 shares during the period. XTX Topco Ltd purchased a new position in shares of Research Frontiers during the 4th quarter worth about $28,000. Finally, Virtu Financial LLC bought a new position in Research Frontiers during the 4th quarter valued at about $27,000. 11.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Research Frontiers in a report on Monday, December 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

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.