Research Frontiers (NASDAQ:REFR) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Research Frontiers Incorporated (NASDAQ:REFR)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.41 and traded as low as $0.8750. Research Frontiers shares last traded at $0.91, with a volume of 6,365 shares traded.

Analysts Set New Price Targets

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

Research Frontiers Price Performance

The stock’s 50 day simple moving average is $1.05 and its two-hundred day simple moving average is $1.41. The firm has a market cap of $31.62 million, a P/E ratio of -15.17 and a beta of 0.43.

Research Frontiers (NASDAQ:REFR) last issued its quarterly earnings results on Thursday, March 5th. The technology company reported ($0.02) EPS for the quarter. The company had revenue of $0.07 million during the quarter. Research Frontiers had a negative return on equity of 122.96% and a negative net margin of 182.60%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in REFR. Raymond James Financial Inc. lifted its position in Research Frontiers by 151.5% in the 2nd quarter. Raymond James Financial Inc. now owns 41,337 shares of the technology company’s stock valued at $68,000 after acquiring an additional 24,902 shares in the last quarter. XTX Topco Ltd purchased a new position in Research Frontiers in the fourth quarter worth about $28,000. Finally, Virtu Financial LLC purchased a new position in shares of Research Frontiers in the fourth quarter worth approximately $27,000. Institutional investors own 11.91% of the company’s stock.

About Research Frontiers

Research Frontiers Inc (NASDAQ:REFR) is a materials science company specializing in the development and licensing of its proprietary SPD-Smart™ light control film. This patented Suspended Particle Device technology enables electronic tinting of glass to provide variable light transmission, glare reduction and solar heat management. SPD-Smart films are designed for integration into architectural windows, automotive sunroofs and skylights, as well as aerospace and specialty applications.

The company’s core business model revolves around licensing its SPD technology and supplying the functional film to manufacturing partners.