Research Frontiers (NASDAQ:REFR) Shares Cross Below 200 Day Moving Average – Time to Sell?

Research Frontiers Incorporated (NASDAQ:REFR) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.01 and traded as low as $1.56. Research Frontiers shares last traded at $1.62, with a volume of 63,142 shares.

Research Frontiers Price Performance

The firm’s fifty day moving average is $1.98 and its 200-day moving average is $2.01. The firm has a market cap of $54.30 million, a price-to-earnings ratio of -54.00 and a beta of 0.24.

Institutional Investors Weigh In On Research Frontiers

Several institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC lifted 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 acquiring an additional 35,472 shares during the period. Kingsview Wealth Management LLC raised its holdings in shares of Research Frontiers by 30.7% during the third 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 during the period. Foundations Investment Advisors LLC bought a new position in shares of Research Frontiers during the 3rd quarter worth about $30,000. Renaissance Technologies LLC grew its stake in shares of Research Frontiers by 8.6% in the 2nd quarter. Renaissance Technologies LLC now owns 83,800 shares of the technology company’s stock valued at $154,000 after buying an additional 6,656 shares during the period. Finally, WR Wealth Planners LLC raised its stake in Research Frontiers by 7.0% during the 2nd quarter. WR Wealth Planners LLC now owns 922,808 shares of the technology company’s stock worth $1,698,000 after buying an additional 59,970 shares during the period. Institutional investors own 11.91% of the company’s stock.

Research Frontiers Company Profile

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.