Insider Buying: Kevin Douglas Buys 29,308 Shares of Research Frontiers Stock (REFR)
Research Frontiers (NASDAQ:REFR) Insider Kevin Douglas purchased 29,308 shares of Research Frontiers stock on the open market in a transaction that occurred on Wednesday, May 14th. The shares were purchased at an average cost of $5.24 per share, with a total value of $153,573.92. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Research Frontiers (NASDAQ:REFR) traded down 2.28% during mid-day trading on Wednesday, hitting $5.15. 50,475 shares of the company’s stock traded hands. Research Frontiers has a 1-year low of $3.31 and a 1-year high of $7.64. The stock’s 50-day moving average is $4.99 and its 200-day moving average is $5.85. The company’s market cap is $119.1 million.
Separately, analysts at Zacks downgraded shares of Research Frontiers from a “hold” rating to a “sell” rating in a research note on Wednesday, April 9th.
Engages in the development of technology and devices to control the flow of light. The devices, called light valves, use fluid suspensions of microscopic-particles that are enclosed between two clear plates.
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