Research Frontiers (NASDAQ:REFR) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Research Frontiers Incorporated (NASDAQ:REFR) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.01 and traded as low as $1.56. Research Frontiers shares last traded at $1.62, with a volume of 63,142 shares changing hands.

Research Frontiers Price Performance

The firm has a market capitalization of $54.30 million, a PE ratio of -54.00 and a beta of 0.24. The firm’s fifty day moving average is $1.98 and its two-hundred day moving average is $2.01.

Hedge Funds Weigh In On Research Frontiers

A number of hedge funds and other institutional investors have recently made changes to their positions in REFR. WR Wealth Planners LLC raised its position 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 acquiring an additional 59,970 shares during the period. Kingsview Wealth Management LLC increased its stake in shares of Research Frontiers by 30.7% during the 3rd quarter. Kingsview Wealth Management LLC now owns 193,450 shares of the technology company’s stock worth $424,000 after purchasing an additional 45,400 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Research Frontiers by 13.6% in the 3rd quarter. Geode Capital Management LLC now owns 297,077 shares of the technology company’s stock worth $651,000 after purchasing an additional 35,472 shares during the period. Foundations Investment Advisors LLC purchased a new position in Research Frontiers in the third quarter valued at approximately $30,000. Finally, Renaissance Technologies LLC grew its holdings in Research Frontiers by 8.6% during the second quarter. Renaissance Technologies LLC now owns 83,800 shares of the technology company’s stock valued at $154,000 after purchasing an additional 6,656 shares during the period. 11.91% of the stock is owned by hedge funds and other institutional investors.

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.