Research Frontiers (NASDAQ:REFR) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Research Frontiers Incorporated (NASDAQ:REFR)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.55 and traded as high as $2.45. Research Frontiers shares last traded at $2.02, with a volume of 215,033 shares trading hands.

Wall Street Analysts Forecast Growth

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

Research Frontiers Stock Performance

The firm has a market capitalization of $67.97 million, a price-to-earnings ratio of -40.40 and a beta of 0.34. The business’s 50-day moving average is $1.54 and its two-hundred day moving average is $1.55.

Research Frontiers (NASDAQ:REFR) last announced its quarterly earnings results on Thursday, August 7th. The technology company reported ($0.02) earnings per share for the quarter. The firm had revenue of $0.13 million during the quarter. Research Frontiers had a negative net margin of 143.78% and a negative return on equity of 72.81%.

Institutional Trading of Research Frontiers

An institutional investor recently raised its position in Research Frontiers stock. Raymond James Financial Inc. boosted its stake in shares of Research Frontiers Incorporated (NASDAQ:REFR) by 151.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 41,337 shares of the technology company’s stock after buying an additional 24,902 shares during the period. Raymond James Financial Inc. owned approximately 0.12% of Research Frontiers worth $68,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 11.91% of the company’s stock.

Research Frontiers Company Profile

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.