Research Frontiers (NASDAQ:REFR) Posts Earnings Results

Research Frontiers (NASDAQ:REFR) posted its quarterly earnings results on Thursday. The technology company reported ($0.02) earnings per share for the quarter, Zacks reports. Research Frontiers had a negative net margin of 308.67% and a negative return on equity of 50.44%. The company had revenue of $0.31 million during the quarter.

Research Frontiers Trading Up 9.7 %

NASDAQ:REFR traded up $0.11 during mid-day trading on Friday, hitting $1.24. 108,559 shares of the company’s stock were exchanged, compared to its average volume of 37,797. The company has a 50 day simple moving average of $1.03 and a 200-day simple moving average of $1.11. Research Frontiers has a fifty-two week low of $0.90 and a fifty-two week high of $1.95. The firm has a market capitalization of $41.55 million, a P/E ratio of -26.20 and a beta of 0.32.

Institutional Investors Weigh In On Research Frontiers

Several hedge funds have recently added to or reduced their stakes in REFR. BlackRock Inc. lifted its position in shares of Research Frontiers by 2.1% in the 2nd quarter. BlackRock Inc. now owns 639,481 shares of the technology company’s stock worth $1,023,000 after purchasing an additional 13,156 shares during the period. Geode Capital Management LLC increased its stake in Research Frontiers by 12.5% during the 2nd quarter. Geode Capital Management LLC now owns 214,675 shares of the technology company’s stock valued at $343,000 after purchasing an additional 23,852 shares in the last quarter. Money Concepts Capital Corp bought a new stake in Research Frontiers during the 4th quarter valued at $124,000. Goldman Sachs Group Inc. bought a new stake in Research Frontiers during the 2nd quarter valued at $82,000. Finally, Kingsview Wealth Management LLC bought a new stake in Research Frontiers during the 2nd quarter valued at $63,000. 7.30% of the stock is currently owned by institutional investors and hedge funds.

About Research Frontiers

Research Frontiers Incorporated develops and markets 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.