Research Frontiers Inc. (NASDAQ:REFR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note 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. “
Several other brokerages have also commented on REFR. Craig Hallum lowered shares of Research Frontiers from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. Westpark Capital restated an “outperform” rating and issued a $6.00 price target on shares of Research Frontiers in a research note on Wednesday, September 28th.
Research Frontiers (NASDAQ:REFR) opened at 2.48 on Friday. The firm’s market capitalization is $59.63 million. The firm has a 50-day moving average price of $2.83 and a 200 day moving average price of $3.68. Research Frontiers has a one year low of $2.41 and a one year high of $5.40.
Research Frontiers (NASDAQ:REFR) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.03) by $0.07. Research Frontiers had a negative net margin of 330.58% and a negative return on equity of 57.36%. Equities research analysts anticipate that Research Frontiers will post ($0.17) earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. 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 worth $102,000 after buying an additional 7,000 shares in 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 worth $108,000 after buying an additional 101 shares in the last quarter. Finally, 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 worth $2,388,000 after buying an additional 5,400 shares in the last quarter. Institutional investors and hedge funds 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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