Research Frontiers (NASDAQ:REFR) Announces Quarterly Earnings Results

Research Frontiers (NASDAQ:REFR) released its quarterly earnings data on Thursday. The technology company reported ($0.01) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $0.36 million during the quarter. Research Frontiers had a negative net margin of 143.78% and a negative return on equity of 72.81%.

Research Frontiers Stock Performance

NASDAQ:REFR traded down $0.02 during mid-day trading on Friday, reaching $1.58. 96,505 shares of the company’s stock were exchanged, compared to its average volume of 45,226. Research Frontiers has a one year low of $0.93 and a one year high of $2.70. The business’s fifty day simple moving average is $1.60 and its two-hundred day simple moving average is $1.59. The firm has a market capitalization of $53.16 million, a PE ratio of -31.60 and a beta of 0.34.

Institutional Investors Weigh In On Research Frontiers

A hedge fund recently raised its stake in Research Frontiers stock. Raymond James Financial Inc. boosted its stake in shares of Research Frontiers Incorporated (NASDAQ:REFR) by 151.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,337 shares of the technology company’s stock after acquiring an additional 24,902 shares during the period. Raymond James Financial Inc. owned 0.12% of Research Frontiers worth $68,000 at the end of the most recent reporting period. Institutional investors own 11.91% of the company’s stock.

Analyst Ratings Changes

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

About Research Frontiers

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.