Research Frontiers (NASDAQ:REFR) Stock Passes Below 200 Day Moving Average – What’s Next?

Research Frontiers Incorporated (NASDAQ:REFR)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.00 and traded as low as $1.61. Research Frontiers shares last traded at $1.70, with a volume of 16,207 shares changing hands.

Research Frontiers Stock Performance

The stock has a market cap of $56.98 million, a P/E ratio of -56.67 and a beta of 0.24. The firm has a 50 day simple moving average of $1.93 and a two-hundred day simple moving average of $2.00.

Hedge Funds Weigh In On Research Frontiers

A number of institutional investors and hedge funds have recently bought and sold shares of REFR. Foundations Investment Advisors LLC acquired a new stake in shares of Research Frontiers in the 3rd quarter worth approximately $30,000. Renaissance Technologies LLC lifted its position in Research Frontiers by 8.6% in the second quarter. Renaissance Technologies LLC now owns 83,800 shares of the technology company’s stock worth $154,000 after purchasing an additional 6,656 shares during the period. Kingsview Wealth Management LLC boosted its stake in Research Frontiers by 30.7% during the 3rd quarter. Kingsview Wealth Management LLC now owns 193,450 shares of the technology company’s stock valued at $424,000 after purchasing an additional 45,400 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Research Frontiers by 13.6% during the 3rd quarter. Geode Capital Management LLC now owns 297,077 shares of the technology company’s stock valued at $651,000 after purchasing an additional 35,472 shares during the period. Institutional investors own 11.91% of the company’s stock.

About Research Frontiers

Research Frontiers Incorporated engages in the development and marketing of technology and devices to control the flow of light worldwide. It develops and licenses suspended particle device (SPD-Smart) light-control technology to companies that manufacture and market the SPD-Smart chemical emulsion, light-control film made from the chemical emulsion, the light-control panels made by laminating the film, and electronics to power end-products incorporating the film, as well as lamination services for and the end-products, such as windows, skylights, and sunroofs.