Research Frontiers (REFR) Rating Lowered to Hold at Zacks Investment Research

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Zacks Investment Research cut shares of Research Frontiers (NASDAQ:REFR) from a buy rating to a hold rating in a research report sent to investors on Tuesday.

According to Zacks, “RESEARCH FRONTIERS INC. is primarily engaged in the development and licensing of suspended particle technology and devices to control the transmission of light. “

Separately, Westpark Capital restated a buy rating and issued a $3.00 target price on shares of Research Frontiers in a report on Thursday, August 16th.

Shares of REFR stock opened at $1.70 on Tuesday. Research Frontiers has a 12-month low of $0.60 and a 12-month high of $1.95. The company has a market capitalization of $39.93 million, a P/E ratio of -17.00 and a beta of 0.15.

Research Frontiers (NASDAQ:REFR) last issued its earnings results on Monday, August 13th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. Research Frontiers had a negative net margin of 153.12% and a negative return on equity of 82.15%. The company had revenue of $0.33 million for the quarter, compared to analysts’ expectations of $0.48 million. As a group, analysts expect that Research Frontiers will post -0.07 EPS for the current fiscal year.

In other news, Director Gregory George Grimes sold 18,000 shares of Research Frontiers stock in a transaction on Wednesday, October 10th. The shares were sold at an average price of $1.72, for a total transaction of $30,960.00. Following the transaction, the director now owns 177,128 shares in the company, valued at approximately $304,660.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kevin Douglas purchased 163,044 shares of the company’s stock in a transaction dated Tuesday, September 11th. The shares were acquired at an average price of $0.92 per share, for a total transaction of $150,000.48. The disclosure for this purchase can be found here. Insiders have bought a total of 168,344 shares of company stock worth $154,415 in the last quarter. Corporate insiders own 9.50% of the company’s stock.

Research Frontiers Company Profile

Research Frontiers Incorporated develops and markets technology and devices to control the flow of light in the United States. The company 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, lamination services, and electronics to power end-products incorporating the film, as well as the end-products, such as windows, skylights, and sunroofs.

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