Research Frontiers Inc. (NASDAQ:REFR)’s share price fell 2.9% during mid-day trading on Wednesday . The company traded as low as $3.50 and last traded at $3.62, with a volume of 50,957 shares trading hands. The stock had previously closed at $3.73.

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

The stock’s market cap is $88.72 million. The stock’s 50-day moving average price is $3.55 and its 200-day moving average price is $4.17.

Research Frontiers (NASDAQ:REFR) last announced its quarterly earnings data on Thursday, May 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.05). The firm earned $409.10 million during the quarter. On average, equities analysts expect that Research Frontiers Inc. will post ($0.13) EPS for the current fiscal 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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