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

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 reaffirmed a buy rating and set a $3.00 target price on shares of Research Frontiers in a research note on Thursday, August 16th.

Shares of NASDAQ REFR opened at $1.70 on Tuesday. Research Frontiers has a fifty-two week low of $0.60 and a fifty-two week high of $1.95. The company has a market cap of $39.93 million, a price-to-earnings ratio of -17.00 and a beta of 0.15.

Research Frontiers (NASDAQ:REFR) last announced its earnings results on Monday, August 13th. The technology company reported ($0.02) earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $0.33 million during the quarter, compared to the consensus estimate of $0.48 million. On average, equities research analysts expect that Research Frontiers will post -0.07 EPS for the current fiscal year.

In other news, insider Kevin Douglas purchased 163,044 shares of Research Frontiers stock in a transaction that occurred on Tuesday, September 11th. The stock was bought at an average price of $0.92 per share, with a total value of $150,000.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gregory George Grimes sold 18,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 177,128 shares of the company’s stock, valued at approximately $304,660.16. The disclosure for this sale can be found here. Insiders have purchased 168,344 shares of company stock valued at $154,415 in the last three months. 9.50% of the stock is owned by insiders.

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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