Research Frontiers (NASDAQ:REFR) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Research Frontiers Incorporated (NASDAQ:REFR)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.68 and traded as low as $0.4592. Research Frontiers shares last traded at $0.7590, with a volume of 5,411,644 shares changing hands.

Analysts Set New Price Targets

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

Research Frontiers Price Performance

The company has a market cap of $24.89 million, a P/E ratio of -10.20 and a beta of 0.58. The business’s 50 day moving average price is $0.47 and its 200-day moving average price is $0.68.

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

Institutional Trading of Research Frontiers

An institutional investor recently bought a new stake in Research Frontiers stock. BlackRock Inc. purchased a new stake in Research Frontiers Incorporated (NASDAQ:REFR) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 SEC filing. 11.91% of the stock is currently owned by institutional investors.

About Research Frontiers

Research Frontiers, Inc develops and licenses technology for electronically controlled light-management products. Its principal technology, SPD-SmartGlass, uses suspended-particle devices to change glass or film from transparent to shaded or darkened when an electrical current is applied. This enables users to control sunlight, glare, heat and privacy while preserving visibility through the glazing.

The company does not primarily operate as a conventional glass manufacturer. Instead, it licenses its intellectual property and technology to manufacturers and other commercial partners that incorporate SPD-SmartGlass into products.