Research Frontiers (NASDAQ:REFR) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Research Frontiers Incorporated (NASDAQ:REFR) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.65 and traded as low as $1.27. Research Frontiers shares last traded at $1.48, with a volume of 101,834 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Research Frontiers in a report on Monday, December 15th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Research Frontiers Trading Down 1.4%

The company has a fifty day simple moving average of $1.74 and a two-hundred day simple moving average of $1.64. The company has a market cap of $49.13 million, a PE ratio of -24.33 and a beta of 0.27.

Research Frontiers (NASDAQ:REFR) last issued its earnings results 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 90.72% and a negative net margin of 153.95%.The business had revenue of $0.36 million for the quarter.

Hedge Funds Weigh In On Research Frontiers

An institutional investor recently raised its position in Research Frontiers stock. Raymond James Financial Inc. boosted its position in Research Frontiers Incorporated (NASDAQ:REFR) by 151.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,337 shares of the technology company’s stock after purchasing an additional 24,902 shares during the period. Raymond James Financial Inc. owned about 0.12% of Research Frontiers worth $68,000 as of its most recent SEC filing. 11.91% of the stock is currently owned by institutional investors.

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.