Research Frontiers (NASDAQ:REFR) Shares Up 9.7%

Research Frontiers, Inc. (NASDAQ:REFR) shot up 9.7% on Wednesday . The company traded as high as $3.08 and last traded at $2.71. 668,354 shares traded hands during mid-day trading, an increase of 230% from the average session volume of 202,345 shares. The stock had previously closed at $2.47.

Separately, ValuEngine upgraded Research Frontiers from a “hold” rating to a “buy” rating in a report on Tuesday, August 11th.

The company has a market cap of $85.57 million, a PE ratio of -32.50 and a beta of 1.20. The company has a current ratio of 18.32, a quick ratio of 18.32 and a debt-to-equity ratio of 0.12. The business has a fifty day moving average of $2.74 and a 200-day moving average of $3.29.

Research Frontiers (NASDAQ:REFR) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported ($0.01) earnings per share (EPS) for the quarter. Research Frontiers had a negative net margin of 194.70% and a negative return on equity of 38.78%. The business had revenue of $0.18 million for the quarter.

In other Research Frontiers news, insider Kevin Douglas sold 11,732 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $5.04, for a total transaction of $59,129.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last 90 days, insiders have sold 267,993 shares of company stock worth $849,259. 7.60% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the business. UBS Group AG grew its holdings in shares of Research Frontiers by 95.5% during the 2nd quarter. UBS Group AG now owns 8,553 shares of the technology company’s stock worth $35,000 after acquiring an additional 4,177 shares during the period. Geode Capital Management LLC grew its holdings in shares of Research Frontiers by 3.3% during the 1st quarter. Geode Capital Management LLC now owns 184,611 shares of the technology company’s stock worth $431,000 after acquiring an additional 5,957 shares during the period. Bank of America Corp DE grew its holdings in shares of Research Frontiers by 25.6% during the 2nd quarter. Bank of America Corp DE now owns 34,676 shares of the technology company’s stock worth $140,000 after acquiring an additional 7,071 shares during the period. Kingsview Wealth Management LLC grew its holdings in shares of Research Frontiers by 25.5% during the 1st quarter. Kingsview Wealth Management LLC now owns 45,776 shares of the technology company’s stock worth $107,000 after acquiring an additional 9,300 shares during the period. Finally, FNY Investment Advisers LLC purchased a new position in shares of Research Frontiers during the 2nd quarter worth approximately $38,000. Hedge funds and other institutional investors own 16.70% of the company’s stock.

Research Frontiers Company Profile (NASDAQ:REFR)

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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