Research Frontiers (NASDAQ:REFR) Stock Price Breaks Below 200 Day Moving Average – What’s Next?

Research Frontiers Incorporated (NASDAQ:REFR)’s stock price crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $0.65 and traded as low as $0.5001. Research Frontiers shares last traded at $0.5205, with a volume of 149,298 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Research Frontiers in a research report on Monday, September 21st. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has an average rating of “Sell”.

Research Frontiers Trading Down 5.6%

The company has a 50-day simple moving average of $0.54 and a 200 day simple moving average of $0.64. The company has a market cap of $16.55 million, a P/E ratio of -6.78 and a beta of 0.59.

Research Frontiers (NASDAQ:REFR) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported ($0.02) earnings per share for the quarter. Research Frontiers had a negative net margin of 344.56% and a negative return on equity of 168.54%. The company had revenue of $0.09 million for the quarter.

Institutional Investors Weigh In On Research Frontiers

A hedge fund recently bought a new position in Research Frontiers stock. BlackRock Inc. purchased a new stake in shares of Research Frontiers Incorporated (NASDAQ:REFR) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 532,542 shares of the technology company’s stock, valued at approximately $277,000. BlackRock Inc. owned about 1.53% of Research Frontiers as of its most recent filing with the SEC. Institutional investors and hedge funds own 11.91% of the company’s stock.

About Research Frontiers

Research Frontiers, Inc develops and licenses light-control technology for electronically tintable glass and other transparent materials. Its principal technology, known as Suspended Particle Device (SPD) technology, uses electrically controlled particles to adjust the amount of light passing through a window or panel. This allows users to change transparency, glare, heat, and solar-energy transmission.

The company licenses its SPD-SmartGlass technology, patents, and related know-how to manufacturers and commercial partners rather than primarily producing finished products itself.