Westpark Capital reissued their outperform rating on shares of Research Frontiers Inc. (NASDAQ:REFR) in a research note issued to investors on Wednesday. The brokerage currently has a $6.00 price target on the stock.
Other research analysts also recently issued research reports about the company. Zacks Investment Research downgraded Research Frontiers from a hold rating to a sell rating in a report on Saturday, August 27th. Craig Hallum downgraded Research Frontiers from a buy rating to a hold rating in a report on Friday, August 5th.
Shares of Research Frontiers (NASDAQ:REFR) opened at 2.56 on Wednesday. The firm’s market cap is $61.55 million. The firm has a 50-day moving average price of $2.90 and a 200 day moving average price of $3.73. Research Frontiers has a 12-month low of $2.56 and a 12-month high of $5.40.
Research Frontiers (NASDAQ:REFR) last released its earnings results on Thursday, August 4th. The company reported ($0.10) EPS 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%. On average, equities research analysts anticipate that Research Frontiers will post ($0.17) earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in REFR. Raymond James & Associates increased its stake in shares of 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 period. Bank of New York Mellon Corp increased its stake in shares of 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 period. Granite Investment Partners LLC increased its stake in shares of Research Frontiers by 23.6% in the first quarter. Granite Investment Partners LLC now owns 190,645 shares of the company’s stock valued at $870,000 after buying an additional 36,440 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of 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 period. 19.65% of the stock is currently owned by institutional investors and hedge funds.
About Research Frontiers
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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