Research Frontiers (NASDAQ:REFR) Shares Cross 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 Monday . The stock has a 200-day moving average of $2.00 and traded as low as $1.61. Research Frontiers shares last traded at $1.70, with a volume of 16,207 shares changing hands.

Research Frontiers Stock Performance

The stock has a market cap of $57.32 million, a PE ratio of -57.00 and a beta of 0.24. The stock has a fifty day moving average price of $1.92 and a 200 day moving average price of $2.00.

Hedge Funds Weigh In On Research Frontiers

Large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its holdings in shares of Research Frontiers by 13.6% in the third quarter. Geode Capital Management LLC now owns 297,077 shares of the technology company’s stock valued at $651,000 after purchasing an additional 35,472 shares during the period. Kingsview Wealth Management LLC raised its stake in Research Frontiers by 30.7% during the 3rd quarter. Kingsview Wealth Management LLC now owns 193,450 shares of the technology company’s stock worth $424,000 after acquiring an additional 45,400 shares in the last quarter. Renaissance Technologies LLC raised its stake in Research Frontiers by 8.6% during the 2nd quarter. Renaissance Technologies LLC now owns 83,800 shares of the technology company’s stock valued at $154,000 after acquiring an additional 6,656 shares during the last quarter. Finally, Foundations Investment Advisors LLC acquired a new position in Research Frontiers in the 3rd quarter valued at about $30,000. 11.91% of the stock is currently owned by institutional investors and hedge funds.

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.