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

Research Frontiers Incorporated (NASDAQ:REFR) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.59 and traded as high as $1.84. Research Frontiers shares last traded at $1.71, with a volume of 46,930 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated 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, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Research Frontiers Price Performance

The company has a market capitalization of $57.54 million, a price-to-earnings ratio of -34.20 and a beta of 0.34. The stock has a 50 day simple moving average of $1.59 and a two-hundred day simple moving average of $1.59.

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

Institutional Trading of Research Frontiers

An institutional investor recently raised its position in Research Frontiers stock. Raymond James Financial Inc. raised its holdings in Research Frontiers Incorporated (NASDAQ:REFR) by 151.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 about 0.12% of Research Frontiers worth $68,000 as of its most recent SEC filing. 11.91% of the stock is owned by institutional investors.

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.