Research Frontiers Director Buys $11,800 in Stock (REFR)
Research Frontiers (NASDAQ:REFR) Director Alexander Kaganowicz bought 2,000 shares of the company’s stock on the open market in a transaction dated Monday, June 16th. The stock was purchased at an average price of $5.90 per share, for a total transaction of $11,800.00. Following the purchase, the director now directly owns 128,923 shares of the company’s stock, valued at approximately $760,646. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Research Frontiers (NASDAQ:REFR) opened at 6.01 on Thursday. Research Frontiers has a 1-year low of $3.75 and a 1-year high of $7.64. The stock’s 50-day moving average is $5.44 and its 200-day moving average is $5.87. The company’s market cap is $139.0 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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