Research Frontiers Incorporated (NASDAQ:REFR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Thursday.
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. “
REFR has been the topic of a number of other reports. Westpark Capital set a $4.00 price target on Research Frontiers and gave the company a “buy” rating in a research note on Monday, August 7th. ValuEngine raised Research Frontiers from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st.
Research Frontiers (NASDAQ:REFR) last released its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $0.49 million for the quarter, compared to analyst estimates of $0.45 million. Research Frontiers had a negative return on equity of 81.01% and a negative net margin of 207.76%. equities research analysts predict that Research Frontiers will post -0.11 EPS for the current fiscal year.
A hedge fund recently raised its stake in Research Frontiers stock. Shufro Rose & Co. LLC lifted its stake in shares of Research Frontiers Incorporated (NASDAQ:REFR) by 1.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 132,950 shares of the technology company’s stock after buying an additional 2,200 shares during the period. Shufro Rose & Co. LLC owned about 0.55% of Research Frontiers worth $172,000 at the end of the most recent quarter. Institutional investors and hedge funds own 17.46% of the company’s stock.
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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