Zacks Investment Research downgraded shares of Research Frontiers Incorporated (NASDAQ:REFR) from a buy rating to a hold rating in a research report released on Tuesday.
According to Zacks, “RESEARCH FRONTIERS INC. is primarily engaged in the development and licensing of suspended particle technology and devices to control the transmission of light. “
Other research analysts have also recently issued reports about the company. Westpark Capital set a $4.00 price target on Research Frontiers and gave the company a buy rating in a research report on Monday, August 7th. ValuEngine upgraded Research Frontiers from a strong sell rating to a sell rating in a research report on Friday, September 1st.
Research Frontiers (NASDAQ:REFR) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.01. The company had revenue of $0.35 million during the quarter, compared to analysts’ expectations of $0.38 million. Research Frontiers had a negative return on equity of 73.14% and a negative net margin of 255.89%.
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An institutional investor recently raised its position in Research Frontiers stock. Shufro Rose & Co. LLC lifted its position in Research Frontiers Incorporated (NASDAQ:REFR) by 1.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,950 shares of the technology company’s stock after acquiring an additional 2,200 shares during the period. Shufro Rose & Co. LLC owned 0.55% of Research Frontiers worth $172,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 17.49% of the stock is currently owned by institutional investors and hedge funds.
About Research Frontiers
Research Frontiers Incorporated (Research Frontiers) is engaged in the development and marketing of technology and devices to control the flow of light. The Company develops and licenses its patented suspended particle device (SPD-Smart) light-control technology to other companies that manufacture and market either the SPD-Smart chemical emulsion, light-control film made from the chemical emulsion, lamination services, electronics to power end-products incorporating the film, or the end-products themselves, such as smart windows, skylights and sunroofs.
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