Research Frontiers Inc. (REFR) Sees Large Volume Increase
Research Frontiers Inc. (NASDAQ:REFR) saw strong trading volume on Tuesday . 65,801 shares traded hands during trading, an increase of 30% from the previous session’s volume of 50,557 shares.The stock last traded at $2.93 and had previously closed at $2.91.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of Research Frontiers from a “buy” rating to a “hold” rating in a research report on Thursday, July 7th. Craig Hallum cut shares of Research Frontiers from a “buy” rating to a “hold” rating in a research report on Friday, August 5th.
The firm’s market capitalization is $73.69 million. The company’s 50-day moving average is $3.46 and its 200 day moving average is $4.13.
Research Frontiers (NASDAQ:REFR) last announced its earnings results on Thursday, August 4th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.07. Equities analysts forecast that Research Frontiers Inc. will post ($0.20) earnings per share 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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