Research Frontiers Incorporated (NASDAQ:REFR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.
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 analysts have also recently commented on REFR. Westpark Capital set a $4.00 target price on Research Frontiers and gave the company a “buy” rating in a report on Monday, August 7th. ValuEngine upgraded Research Frontiers from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st.
Shares of Research Frontiers (REFR) traded down $0.01 during mid-day trading on Thursday, reaching $1.07. The company had a trading volume of 52,500 shares, compared to its average volume of 47,710. Research Frontiers has a 1-year low of $0.98 and a 1-year high of $2.25.
Research Frontiers (NASDAQ:REFR) last announced its earnings results on Thursday, November 2nd. The technology company reported ($0.01) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.01). Research Frontiers had a negative return on equity of 81.01% and a negative net margin of 207.76%. The business had revenue of $0.49 million for the quarter, compared to analysts’ expectations of $0.45 million. equities analysts predict that Research Frontiers will post -0.11 EPS for the current fiscal year.
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An institutional investor recently raised its position in Research Frontiers stock. Shufro Rose & Co. LLC grew its holdings in shares of Research Frontiers Incorporated (NASDAQ:REFR) by 1.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 132,950 shares of the technology company’s stock after buying an additional 2,200 shares during the period. Shufro Rose & Co. LLC owned approximately 0.55% of Research Frontiers worth $172,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 17.46% 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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