Research Frontiers Inc. (REFR) Rating Increased to Hold at Zacks Investment Research
Research Frontiers Inc. (NASDAQ:REFR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Saturday.
According to Zacks, “RESEARCH FRONTIERS INC. is primarily engaged in the development and licensing of suspended particle technology and devices to control the transmission of light. “
A number of other brokerages have also commented on REFR. Westpark Capital reiterated an “outperform” rating and set a $6.00 price target on shares of Research Frontiers in a report on Wednesday, September 28th. Craig Hallum lowered shares of Research Frontiers from a “buy” rating to a “hold” rating in a report on Friday, August 5th.
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Research Frontiers (NASDAQ:REFR) opened at 2.48 on Friday. Research Frontiers has a 12-month low of $2.41 and a 12-month high of $5.40. The firm’s 50-day moving average price is $2.83 and its 200-day moving average price is $3.68. The company’s market cap is $59.63 million.
Research Frontiers (NASDAQ:REFR) last posted its earnings results on Thursday, August 4th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.07. Research Frontiers had a negative return on equity of 57.36% and a negative net margin of 330.58%. Equities research analysts forecast that Research Frontiers will post ($0.17) earnings per share for the current fiscal year.
Several institutional investors have recently modified their holdings of REFR. Vanguard Group Inc. raised its position in Research Frontiers by 0.8% in the second quarter. Vanguard Group Inc. now owns 654,138 shares of the company’s stock valued at $2,388,000 after buying an additional 5,400 shares during the last quarter. Bank of New York Mellon Corp raised its position in Research Frontiers by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 29,746 shares of the company’s stock valued at $108,000 after buying an additional 101 shares during the last quarter. Finally, Raymond James & Associates raised its position in Research Frontiers by 33.3% in the second quarter. Raymond James & Associates now owns 28,000 shares of the company’s stock valued at $102,000 after buying an additional 7,000 shares during the last quarter. Institutional investors own 19.65% of the company’s stock.
Research Frontiers Company Profile
Research Frontiers Incorporated (Research Frontiers) is engaged in the development and marketing of technology and devices to control the flow of light. The Company develops and licenses its patented suspended particle device (SPD-Smart) light-control technology to other companies that manufacture and market either the SPD-Smart chemical emulsion, light-control film made from the chemical emulsion, lamination services, electronics to power end-products incorporating the film, or the end-products themselves, such as smart windows, skylights and sunroofs.
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