Research Frontiers (NASDAQ:REFR) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Shares of 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 changing hands.

Research Frontiers Stock Up 3.5 %

The stock has a market capitalization of $54.30 million, a P/E ratio of -54.00 and a beta of 0.24. The company has a 50-day moving average price of $1.98 and a two-hundred day moving average price of $2.01.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in REFR. WR Wealth Planners LLC grew its holdings in shares of Research Frontiers by 7.0% during the second quarter. WR Wealth Planners LLC now owns 922,808 shares of the technology company’s stock worth $1,698,000 after purchasing an additional 59,970 shares in the last quarter. Renaissance Technologies LLC lifted its position in Research Frontiers by 8.6% during the second quarter. Renaissance Technologies LLC now owns 83,800 shares of the technology company’s stock valued at $154,000 after purchasing an additional 6,656 shares during the last quarter. Foundations Investment Advisors LLC purchased a new position in Research Frontiers in the 3rd quarter worth approximately $30,000. Kingsview Wealth Management LLC increased its holdings in shares of Research Frontiers by 30.7% in the 3rd quarter. Kingsview Wealth Management LLC now owns 193,450 shares of the technology company’s stock worth $424,000 after buying an additional 45,400 shares during the last quarter. Finally, Geode Capital Management LLC raised 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 buying an additional 35,472 shares in the last quarter. 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.