Investors Buy High Volume of Research Frontiers Call Options (NASDAQ:REFR)

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Research Frontiers Incorporated (NASDAQ:REFR) saw unusually large options trading on Wednesday. Investors acquired 2,182 call options on the stock. This is an increase of 1,765% compared to the typical daily volume of 117 call options.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. purchased a new position in Research Frontiers in the 3rd quarter valued at about $28,000. UBS Group AG increased its holdings in Research Frontiers by 95.5% in the 2nd quarter. UBS Group AG now owns 8,553 shares of the technology company’s stock valued at $35,000 after purchasing an additional 4,177 shares during the last quarter. Truist Financial Corp acquired a new stake in Research Frontiers in the 3rd quarter valued at approximately $36,000. Mercer Global Advisors Inc. ADV acquired a new stake in Research Frontiers in the 3rd quarter valued at approximately $42,000. Finally, American International Group Inc. acquired a new stake in Research Frontiers in the 2nd quarter valued at approximately $66,000. 16.70% of the stock is currently owned by institutional investors.

Shares of REFR opened at $3.95 on Thursday. The business’s 50-day moving average is $2.83 and its two-hundred day moving average is $2.89. The company has a market capitalization of $124.73 million, a P/E ratio of -49.38 and a beta of 1.09. Research Frontiers has a fifty-two week low of $1.66 and a fifty-two week high of $5.70.

Research Frontiers (NASDAQ:REFR) last announced its quarterly earnings results on Thursday, November 5th. The technology company reported ($0.01) earnings per share for the quarter. The company had revenue of $0.17 million for the quarter. Research Frontiers had a negative return on equity of 38.78% and a negative net margin of 194.70%.

Research Frontiers Company Profile

Research Frontiers Incorporated develops and markets technology and devices to control the flow of light worldwide. The company 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.

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