Research Frontiers (REFR) Earns Buy Rating from Westpark Capital

Research Frontiers (NASDAQ:REFR)‘s stock had its “buy” rating reiterated by Westpark Capital in a note issued to investors on Friday, March 16th. They presently have a $3.00 price objective on the technology company’s stock. Westpark Capital’s price target suggests a potential upside of 191.26% from the company’s current price.

The analysts wrote, “We lower our PT to $3 to reflect this delayed announcement. We maintain our Outperform Rating on REFR. Adding newer licensees. The company is continuing to add more licensees to its roster. During Q4, REFR added Gauzy as a licensee to focus on the architectural market. Since the architectural market is much bigger than automotive market, in terms of glass deployment, we view this as a positive development for the company. As REFR doesn’t manufacture the products using SPD technology, we believe the addition of licensees will grow its future revenue pipeline. REFR’s revenues for F’17 stood at $1.5 million, a 22% Y/Y increase. The increase in revenue came from growth in its key verticals including automotive, marine and architectural markets. However, the company’s revenues from the aircraft industry went down during Q4, which management attributed to timing of deliveries of aircraft windows to customers.””

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Separately, Zacks Investment Research upgraded shares of Research Frontiers from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th.

REFR stock traded down $0.02 on Friday, reaching $1.03. 96,869 shares of the company were exchanged, compared to its average volume of 86,935. Research Frontiers has a 12 month low of $0.85 and a 12 month high of $1.55. The firm has a market capitalization of $25.25, a P/E ratio of -10.30 and a beta of -0.02.

Research Frontiers (NASDAQ:REFR) last posted its quarterly earnings results on Thursday, March 8th. The technology company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.01). Research Frontiers had a negative return on equity of 73.60% and a negative net margin of 160.08%. The business had revenue of $0.28 million for the quarter, compared to analyst estimates of $0.50 million. equities analysts anticipate that Research Frontiers will post -0.07 EPS for the current fiscal year.

A hedge fund recently bought a new stake in Research Frontiers stock. Anson Funds Management LP acquired a new position in shares of Research Frontiers (NASDAQ:REFR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 273,037 shares of the technology company’s stock, valued at approximately $284,000. Anson Funds Management LP owned about 1.14% of Research Frontiers at the end of the most recent quarter. 16.18% of the stock is currently owned by institutional investors and hedge funds.

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About Research Frontiers

Research Frontiers Incorporated develops and markets technology and devices to control the flow of light in the United States. The company 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, lamination services, and electronics to power end-products incorporating the film, as well as the end-products, such as windows, skylights, and sunroofs.

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