Could Research Frontiers, Inc. (REFR) See a Reversal After Having Formed Several Months Bearish Double Bottom Pattern

September 17, 2017 - By Linda Rogers

Investors sentiment decreased to 1.08 in Q4 2016. Its down 0.78, from 1.86 in 2016Q3. It is negative, as 5 investors sold Research Frontiers, Inc. shares while 7 reduced holdings. 5 funds opened positions while 8 raised stakes. 5.05 million shares or 2.84% more from 4.91 million shares in 2016Q3 were reported.
Iowa-based Cambridge Investment Rech Advisors has invested 0% in Research Frontiers, Inc. (NASDAQ:REFR). Tower Research Cap Ltd (Trc) holds 0% of its portfolio in Research Frontiers, Inc. (NASDAQ:REFR) for 4,230 shares. Creative Planning accumulated 6,150 shares. State Street Corp holds 0% or 10,720 shares in its portfolio. Geode Capital Mgmt Ltd Com reported 99,249 shares. Ingalls & Snyder Lc has invested 0% in Research Frontiers, Inc. (NASDAQ:REFR). Blackrock Invest Mngmt Ltd Liability Corporation reported 3,320 shares. Kcg Incorporated stated it has 25,002 shares or 0% of all its holdings. Bancorp Of America De invested 0% of its portfolio in Research Frontiers, Inc. (NASDAQ:REFR). 352,174 were accumulated by Fmr Limited Liability Co. 119,146 were reported by Connors Investor Svcs. Anson Funds Management Lp has 158,937 shares. Citigroup Incorporated accumulated 100 shares. Morgan Stanley has invested 0% of its portfolio in Research Frontiers, Inc. (NASDAQ:REFR). The Pennsylvania-based Vanguard Group Inc Inc has invested 0% in Research Frontiers, Inc. (NASDAQ:REFR).

The chart of Research Frontiers, Inc. (REFR) shows a double bottom with $1.18 target or 6.00 % below today’s $1.25 share price. The 8 months chart pattern indicates high risk for the $30.05 million company. It was reported on Sep, 17 by If the $1.18 price target is reached, the company will be worth $1.80M less. Double bottoms are rare but powerful chart patterns.

The stock increased 7.76% or $0.09 on September 15, reaching $1.25. About 50,106 shares traded or 10.30% up from the average. Research Frontiers, Inc. (NASDAQ:REFR) has declined 72.08% since September 17, 2016 and is downtrending. It has underperformed by 88.78% the S&P500.

Investors wait Research Frontiers, Inc. (NASDAQ:REFR) to report on November, 2. its quarterly earnings Wall Street analysts expect $-0.01 EPS, up $0.01 or 50.00 % from last year’s $-0.02 same quarter earnings. Research Frontiers, Inc.’s Wall Street analysts see -50.00 % EPS growth, taking into account the $-0.02 EPS reproted in the previous quarter,

Research Frontiers, Inc. (NASDAQ:REFR) Ratings Coverage

Among 3 analysts covering Research Frontiers (NASDAQ:REFR), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Research Frontiers had 4 analyst reports since August 12, 2015 according to SRatingsIntel. WestPark Capital initiated Research Frontiers, Inc. (NASDAQ:REFR) on Wednesday, September 28 with “Outperform” rating. Craig Hallum downgraded Research Frontiers, Inc. (NASDAQ:REFR) on Friday, August 5 to “Hold” rating. The firm earned “Hold” rating on Wednesday, August 12 by Zacks.

More important recent Research Frontiers, Inc. (NASDAQ:REFR) news were published by: which released: “1.25” on December 22, 2009, also published article titled: “WestPark Capital Remains Bullish on Research Frontiers, Inc. (REFR) After …”, published: “Research Frontiers: Incredible Technology But At What Price?” on July 23, 2015. More interesting news about Research Frontiers, Inc. (NASDAQ:REFR) was released by: and their article: “Robert Saxe, founder of LI ‘smart glass’ tech firm, dead at 81” with publication date: July 07, 2016.

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