Research Frontiers Incorporated (NASDAQ:REFR – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.80 and traded as high as $2.12. Research Frontiers shares last traded at $1.96, with a volume of 28,594 shares changing hands.
Research Frontiers Stock Performance
The firm’s 50 day simple moving average is $2.07 and its 200-day simple moving average is $1.80. The company has a market capitalization of $65.70 million, a price-to-earnings ratio of -39.20 and a beta of 0.26.
Hedge Funds Weigh In On Research Frontiers
A number of hedge funds have recently modified their holdings of the stock. Kingsview Wealth Management LLC boosted its holdings in Research Frontiers by 476.8% in the first quarter. Kingsview Wealth Management LLC now owns 82,866 shares of the technology company’s stock worth $108,000 after purchasing an additional 68,500 shares in the last quarter. WR Wealth Planners LLC boosted its holdings in Research Frontiers by 7.0% in the second quarter. WR Wealth Planners LLC now owns 922,808 shares of the technology company’s stock worth $1,698,000 after purchasing an additional 59,970 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Research Frontiers by 8.6% in the second quarter. Renaissance Technologies LLC now owns 83,800 shares of the technology company’s stock worth $154,000 after purchasing an additional 6,656 shares in the last quarter. 11.91% of the stock is owned by institutional investors and hedge funds.
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.
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