Research Frontiers (NASDAQ:REFR) Stock Price Passes Above 200 Day Moving Average of $1.10

Research Frontiers Incorporated (NASDAQ:REFR)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.10 and traded as high as $1.66. Research Frontiers shares last traded at $1.53, with a volume of 49,374 shares traded.

Research Frontiers Trading Down 3.8 %

The firm has a 50 day moving average of $1.22 and a two-hundred day moving average of $1.10. The company has a market cap of $51.27 million, a PE ratio of -30.60 and a beta of 0.36.

Research Frontiers (NASDAQ:REFR) last issued its earnings results on Thursday, March 7th. The technology company reported ($0.02) EPS for the quarter. Research Frontiers had a negative net margin of 210.01% and a negative return on equity of 46.24%. The business had revenue of $0.31 million for the quarter.

Hedge Funds Weigh In On Research Frontiers

A number of institutional investors and hedge funds have recently modified their holdings of REFR. Ergoteles LLC bought a new position in Research Frontiers in the 2nd quarter worth $29,000. Virtu Financial LLC bought a new stake in Research Frontiers during the fourth quarter valued at about $29,000. Jane Street Group LLC purchased a new position in shares of Research Frontiers during the third quarter valued at about $40,000. Renaissance Technologies LLC purchased a new position in shares of Research Frontiers during the second quarter valued at about $46,000. Finally, Kingsview Wealth Management LLC purchased a new position in shares of Research Frontiers during the second quarter valued at approximately $63,000. 11.91% of the stock is currently owned by hedge funds and other institutional investors.

About Research Frontiers

Research Frontiers Incorporated engages in the development and marketing of technology and devices to control the flow of light worldwide. It develops and licenses suspended particle device (SPD-Smart) light-control technology to companies that manufacture and market the SPD-Smart chemical emulsion, light-control film made from the chemical emulsion, the light-control panels made by laminating the film, and electronics to power end-products incorporating the film, as well as lamination services for and the end-products, such as windows, skylights, and sunroofs.