Research Frontiers (NASDAQ:REFR) Downgraded by ValuEngine

ValuEngine downgraded shares of Research Frontiers (NASDAQ:REFR) from a hold rating to a sell rating in a research report released on Wednesday, ValuEngine reports.

Shares of NASDAQ REFR traded up $0.01 during midday trading on Wednesday, hitting $3.24. 100,834 shares of the company’s stock were exchanged, compared to its average volume of 178,097. Research Frontiers has a 12-month low of $1.10 and a 12-month high of $5.38. The company has a quick ratio of 27.80, a current ratio of 27.80 and a debt-to-equity ratio of 0.11. The business’s fifty day moving average price is $4.13 and its two-hundred day moving average price is $3.24.

Research Frontiers (NASDAQ:REFR) last issued its earnings results on Thursday, August 8th. The technology company reported ($0.05) earnings per share (EPS) for the quarter. The firm had revenue of $0.30 million during the quarter. Research Frontiers had a negative return on equity of 63.98% and a negative net margin of 239.63%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Research Frontiers by 55.4% in the second quarter. Vanguard Group Inc. now owns 852,340 shares of the technology company’s stock worth $2,838,000 after buying an additional 303,703 shares in the last quarter. BlackRock Inc. boosted its stake in Research Frontiers by 9.8% in the second quarter. BlackRock Inc. now owns 725,324 shares of the technology company’s stock worth $2,416,000 after buying an additional 64,767 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Research Frontiers by 33.8% in the second quarter. Wells Fargo & Company MN now owns 26,101 shares of the technology company’s stock worth $87,000 after buying an additional 6,600 shares in the last quarter. Finally, B. Riley Wealth Management Inc. purchased a new stake in Research Frontiers in the first quarter worth approximately $28,000. 7.28% of the stock is owned by institutional investors and hedge funds.

About Research Frontiers

Research Frontiers Incorporated develops and markets technology and devices to control the flow of light worldwide. 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, 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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