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

Shares of Research Frontiers Incorporated (NASDAQ:REFR) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.88 and traded as high as $2.21. Research Frontiers shares last traded at $2.16, with a volume of 4,092 shares.

Research Frontiers Price Performance

The stock has a market cap of $72.40 million, a P/E ratio of -43.20 and a beta of 0.26. The stock’s 50 day simple moving average is $2.12 and its two-hundred day simple moving average is $1.88.

Institutional Trading of Research Frontiers

Several hedge funds and other institutional investors have recently modified their holdings of the company. Kingsview Wealth Management LLC grew its holdings in shares of Research Frontiers by 476.8% during the first quarter. Kingsview Wealth Management LLC now owns 82,866 shares of the technology company’s stock worth $108,000 after buying an additional 68,500 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Research Frontiers by 8.6% during the 2nd quarter. Renaissance Technologies LLC now owns 83,800 shares of the technology company’s stock worth $154,000 after acquiring an additional 6,656 shares in the last quarter. Finally, WR Wealth Planners LLC raised its holdings in shares of Research Frontiers by 7.0% in the second quarter. WR Wealth Planners LLC now owns 922,808 shares of the technology company’s stock valued at $1,698,000 after purchasing an additional 59,970 shares during the last quarter. Institutional investors and hedge funds 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.