Research Frontiers Inc. (NASDAQ:REFR) shares dropped 3.7% during trading on Wednesday . The company traded as low as $3.11 and last traded at $3.13, with a volume of 64,442 shares trading hands. The stock had previously closed at $3.25.

Separately, Zacks Investment Research lowered shares of Research Frontiers from a “buy” rating to a “hold” rating in a research note on Thursday, July 7th.

The stock has a 50-day moving average price of $3.59 and a 200 day moving average price of $4.21. The stock’s market cap is $75.25 million.

Research Frontiers (NASDAQ:REFR) last posted its quarterly earnings data on Thursday, May 5th. The company reported ($0.05) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.05). The company had revenue of $409.10 million for the quarter. Equities research analysts predict that Research Frontiers Inc. will post ($0.13) EPS 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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