Research Frontiers Incorporated (NASDAQ:REFR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Thursday, November 9th.
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. “
A number of other equities analysts have also recently commented on the stock. ValuEngine raised shares of Research Frontiers from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Westpark Capital set a $4.00 price objective on shares of Research Frontiers and gave the company a “buy” rating in a research note on Monday, August 7th.
Shares of Research Frontiers (REFR) traded up $0.04 during midday trading on Thursday, hitting $1.07. 67,800 shares of the stock were exchanged, compared to its average volume of 47,594. Research Frontiers has a 1-year low of $0.98 and a 1-year high of $2.17.
Research Frontiers (NASDAQ:REFR) last announced its earnings results on Thursday, November 2nd. The technology company reported ($0.01) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.01). Research Frontiers had a negative net margin of 207.76% and a negative return on equity of 81.01%. The company had revenue of $0.49 million during the quarter, compared to analyst estimates of $0.45 million. sell-side analysts anticipate that Research Frontiers will post -0.11 EPS for the current fiscal year.
A hedge fund recently raised its stake in Research Frontiers stock. Shufro Rose & Co. LLC increased its holdings in shares of Research Frontiers Incorporated (NASDAQ:REFR) by 1.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 132,950 shares of the technology company’s stock after purchasing an additional 2,200 shares during the quarter. Shufro Rose & Co. LLC owned 0.55% of Research Frontiers worth $172,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 17.48% of the company’s stock.
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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