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

Shares of Research Frontiers Incorporated (NASDAQ:REFR) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.19 and traded as low as $0.7303. Research Frontiers shares last traded at $0.7601, with a volume of 26,761 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Research Frontiers in a research report on Friday, March 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Research Frontiers Trading Up 1.3%

The company has a market capitalization of $26.50 million, a PE ratio of -10.86 and a beta of 0.54. The stock’s fifty day moving average is $0.89 and its two-hundred day moving average is $1.19.

Research Frontiers (NASDAQ:REFR) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported ($0.02) EPS for the quarter. The company had revenue of $0.14 million during the quarter. Research Frontiers had a negative return on equity of 159.20% and a negative net margin of 343.47%.

Hedge Funds Weigh In On Research Frontiers

Institutional investors have recently bought and sold shares of the company. Virtu Financial LLC bought a new position in Research Frontiers during the fourth quarter valued at $27,000. XTX Topco Ltd purchased a new position in shares of Research Frontiers during the 4th quarter valued at $28,000. Finally, Raymond James Financial Inc. lifted its position in shares of Research Frontiers by 151.5% during the 2nd quarter. Raymond James Financial Inc. now owns 41,337 shares of the technology company’s stock valued at $68,000 after buying an additional 24,902 shares during the last quarter. Hedge funds and other 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.