Research Frontiers (NASDAQ:REFR) Stock Crosses Above Two Hundred Day Moving Average of $1.40

Research Frontiers Incorporated (NASDAQ:REFR) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.40 and traded as high as $1.98. Research Frontiers shares last traded at $1.94, with a volume of 7,338 shares traded.

Research Frontiers Stock Up 5.4 %

The stock has a market capitalization of $65.03 million, a price-to-earnings ratio of -38.80 and a beta of 0.21. The business’s 50-day moving average is $1.89 and its two-hundred day moving average is $1.40.

Research Frontiers (NASDAQ:REFR) last posted its quarterly earnings results on Thursday, May 9th. The technology company reported ($0.01) earnings per share for the quarter. The business had revenue of $0.31 million for the quarter. Research Frontiers had a negative return on equity of 51.12% and a negative net margin of 193.94%.

Hedge Funds Weigh In On Research Frontiers

A hedge fund recently bought a new stake in Research Frontiers stock. Wade G W & Inc. purchased a new stake in Research Frontiers Incorporated (NASDAQ:REFR) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 72,615 shares of the technology company’s stock, valued at approximately $73,000. Wade G W & Inc. owned 0.22% of Research Frontiers as of its most recent filing with the SEC. Institutional investors and hedge funds own 11.91% of the company’s stock.

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.