Research Frontiers (NASDAQ:REFR) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

Research Frontiers Incorporated (NASDAQ:REFR - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.47 and traded as high as $1.78. Research Frontiers shares last traded at $1.65, with a volume of 24,869 shares traded.

Research Frontiers Trading Down 5.5%

The stock has a market capitalization of $51.96 million, a P/E ratio of -51.67 and a beta of 0.04. The company has a 50-day moving average price of $1.61 and a two-hundred day moving average price of $1.47.

Institutional Investors Weigh In On Research Frontiers

A number of hedge funds have recently added to or reduced their stakes in REFR. Raymond James Financial Inc. bought a new position in shares of Research Frontiers during the 4th quarter worth approximately $28,000. Renaissance Technologies LLC lifted its position in shares of Research Frontiers by 34.2% during the 4th quarter. Renaissance Technologies LLC now owns 98,069 shares of the technology company's stock valued at $168,000 after acquiring an additional 24,969 shares during the period. Finally, Focus Partners Wealth bought a new position in Research Frontiers during the fourth quarter worth $1,708,000. 11.91% of the stock is currently owned by institutional investors.

About Research Frontiers

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.