Research Frontiers (NASDAQ:REFR) Stock Passes Below 200-Day Moving Average – What’s Next?

by · The Cerbat Gem

Research Frontiers Incorporated (NASDAQ:REFR – Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.00 and traded as low as $1.61. Research Frontiers shares last traded at $1.70, with a volume of 16,207 shares changing hands.

Research Frontiers Price Performance

The business’s 50-day moving average price is $1.92 and its 200 day moving average price is $2.00. The firm has a market capitalization of $57.32 million, a price-to-earnings ratio of -57.00 and a beta of 0.24.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of REFR. Renaissance Technologies LLC boosted its stake in Research Frontiers by 8.6% during the 2nd quarter. Renaissance Technologies LLC now owns 83,800 shares of the technology company’s stock valued at $154,000 after acquiring an additional 6,656 shares during the last quarter. Foundations Investment Advisors LLC bought a new stake in shares of Research Frontiers in the 3rd quarter worth about $30,000. Kingsview Wealth Management LLC raised its stake in shares of Research Frontiers by 30.7% in the 3rd quarter. Kingsview Wealth Management LLC now owns 193,450 shares of the technology company’s stock valued at $424,000 after purchasing an additional 45,400 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Research Frontiers by 13.6% in the third 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 in the last quarter. Hedge funds and other institutional investors own 11.91% of the company’s stock.

About Research Frontiers

(Get Free Report)

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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