Shares of Research Frontiers Inc. (NASDAQ:REFR) hit a new 52-week low during trading on Friday . The company traded as low as $3.28 and last traded at $3.37, with a volume of 10,645 shares trading hands. The stock had previously closed at $3.41.

Separately, Zacks Investment Research upgraded shares of Research Frontiers from a “sell” rating to a “buy” rating and set a $4.75 target price for the company in a research note on Thursday, May 12th.

The company’s market capitalization is $80.78 million. The stock has a 50 day moving average price of $3.67 and a 200-day moving average price of $4.26.

Research Frontiers (NASDAQ:REFR) last released its earnings results on Thursday, May 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.05). The company had revenue of $409.10 million for the quarter. On average, equities analysts forecast that Research Frontiers Inc. will post ($0.13) earnings per share for the current year.

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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