Research Frontiers (NASDAQ:REFR) Trading Up 11.2%

Shares of Research Frontiers, Inc. (NASDAQ:REFR) were up 11.2% during trading on Monday . The company traded as high as $3.28 and last traded at $3.28, approximately 100,203 shares traded hands during mid-day trading. A decline of 47% from the average daily volume of 189,939 shares. The stock had previously closed at $2.95.

Separately, ValuEngine cut shares of Research Frontiers from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd.

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 $3.58 and its 200 day moving average price is $3.31.

Research Frontiers (NASDAQ:REFR) last posted its earnings results on Thursday, August 8th. The technology company reported ($0.05) EPS for the quarter. The company 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%.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of 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 acquiring an additional 303,703 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of 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 acquiring an additional 64,767 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of 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 acquiring an additional 6,600 shares during the last quarter. 7.31% of the stock is owned by hedge funds and other institutional investors.

About Research Frontiers (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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