The stock of Research Frontiers, Inc. (NASDAQ:REFR) hit a new 52-week low and has $1.88 target or 14.00% below today’s $2.19 share price. The 8 months bearish chart indicates high risk for the $49.17M company. The 1-year low was reported on Oct, 13 by Barchart.com. If the $1.88 price target is reached, the company will be worth $6.88M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 55,414 shares traded hands or 19.96% up from the average. Research Frontiers, Inc. (NASDAQ:REFR) has declined 47.44% since March 10, 2016 and is downtrending. It has underperformed by 54.96% the S&P500.
Analysts await Research Frontiers, Inc. (NASDAQ:REFR) to report earnings on November, 2. They expect $-0.01 earnings per share, up 66.67% or $0.02 from last year’s $-0.03 per share. After $-0.05 actual earnings per share reported by Research Frontiers, Inc. for the previous quarter, Wall Street now forecasts -80.00% EPS growth.
Research Frontiers, Inc. (NASDAQ:REFR) Ratings Coverage
Out of 2 analysts covering Research Frontiers (NASDAQ:REFR), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Research Frontiers has been the topic of 3 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The stock of Research Frontiers, Inc. (NASDAQ:REFR) has “Hold” rating given on Friday, August 5 by Craig Hallum. The rating was upgraded by Zacks on Wednesday, August 12 to “Hold”. The firm has “Outperform” rating by WestPark Capital given on Wednesday, September 28.
According to Zacks Investment Research, “RESEARCH FRONTIERS INC. is primarily engaged in the development and licensing of suspended particle technology and devices to control the transmission of light.”
Insitutional Activity: The institutional sentiment decreased to 0.85 in Q2 2016. Its down 0.82, from 1.67 in 2016Q1. The ratio turned negative, as 4 funds sold all Research Frontiers, Inc. shares owned while 9 reduced positions. 4 funds bought stakes while 7 increased positions. They now own 4.68 million shares or 2.30% more from 4.57 million shares in 2016Q1.
Moreover, Granite Invest Partners Ltd Liability Corporation has 0.08% invested in Research Frontiers, Inc. (NASDAQ:REFR) for 294,939 shares. Vanguard Grp holds 654,138 shares or 0% of its portfolio. Moreover, Lpl Finance Lc has 0% invested in Research Frontiers, Inc. (NASDAQ:REFR) for 12,483 shares. Morgan Stanley holds 8,440 shares or 0% of its portfolio. Fmr Limited Liability Co accumulated 241,750 shares or 0% of the stock. Joel Isaacson And Commerce Ltd Liability last reported 0.01% of its portfolio in the stock. Blackrock Advsr Lc last reported 0% of its portfolio in the stock. Creative Planning has invested 0% of its portfolio in Research Frontiers, Inc. (NASDAQ:REFR). Royal Bancorp Of Canada holds 0% of its portfolio in Research Frontiers, Inc. (NASDAQ:REFR) for 2,500 shares. Moreover, State Street Corporation has 0% invested in Research Frontiers, Inc. (NASDAQ:REFR) for 10,720 shares. Moreover, Price T Rowe Assoc Inc Md has 0% invested in Research Frontiers, Inc. (NASDAQ:REFR) for 31,600 shares. Barclays Public Ltd Company has 0% invested in the company for 15 shares. Fiera Capital owns 32,966 shares or 0% of their US portfolio. Shufro Rose & Company Lc has invested 0.08% of its portfolio in Research Frontiers, Inc. (NASDAQ:REFR). Outfitter Advsr has 36,000 shares for 0.06% of their US portfolio.
More recent Research Frontiers, Inc. (NASDAQ:REFR) news were published by: Marketwatch.com which released: “Research Frontiers Inc.” on December 22, 2009. Also Streetinsider.com published the news titled: “Form 8-K RESEARCH FRONTIERS INC For: Sep 23” on September 23, 2016. Streetinsider.com‘s news article titled: “Form 8-K RESEARCH FRONTIERS INC For: Jun 14” with publication date: June 14, 2016 was also an interesting one.
REFR Company Profile
Research Frontiers Incorporated (Research Frontiers), incorporated on May 5, 1989, is engaged in the development and marketing of technology and devices to control the flow of light. The Firm develops and licenses its suspended particle device (SPD-Smart) light-control technology to other companies that manufacture and/or market the SPD-Smart chemical emulsion, light-control film made from the chemical emulsion, the light-control panels made by laminating the film, electronics to power end-products incorporating the film, and lamination services for, and the end-products themselves such as smart windows, skylights and sunroofs. Research Frontiers has approximately 40 companies that, in the aggregate, are licensed to serve over four SPD-Smart application areas, including aerospace, architectural, automotive and marine products. The Company’s VariGuard business unit markets and sells SPD-Smart products directly to clients for specialty uses, such as the protection of artwork and light-sensitive documents in museums and private collections.
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