To funny. Zacks reiterates buy on REEFR with price target of $1.25
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Research Frontiers Incorporated (REFR) Upgraded to “Buy” at Zacks Investment Research
June 15th, 2017 - By Scott Moore - 0 comments
 Zacks Investment Research upgraded shares of Research Frontiers Incorporated (NASDAQ:REFR) from a sell rating to a buy rating in a report released on Wednesday, May 17th. Zacks Investment Research currently has $1.25 target price on the technology company’s stock.
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. “
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Separately, Westpark Capital reiterated a buy rating and issued a $6.00 target price on shares of Research Frontiers in a research note on Monday, February 6th.
Shares of Research Frontiers ( REFR) opened at 1.33 on Wednesday. The firm has a 50-day moving average of $1.21 and a 200 day moving average of $1.57. Research Frontiers has a 1-year low of $0.98 and a 1-year high of $3.90. The stock’s market cap is $31.98 million.
Research Frontiers (NASDAQ:REFR) last issued its earnings results on Thursday, May 4th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.01. The firm had revenue of $0.39 million for the quarter, compared to the consensus estimate of $0.41 million. Research Frontiers had a negative net margin of 329.10% and a negative return on equity of 73.50%. Equities research analysts forecast that Research Frontiers will post ($0.13) earnings per share for the current year.
A hedge fund recently raised its stake in Research Frontiers stock. Geode Capital Management LLC boosted its stake in Research Frontiers Incorporated (NASDAQ:REFR) by 0.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 99,765 shares of the technology company’s stock after buying an additional 516 shares during the period. Geode Capital Management LLC owned approximately 0.41% of Research Frontiers worth $139,000 at the end of the most recent reporting period. Institutional investors own 19.59% of the company’s stock.
Research Frontiers Company Profile
Research Frontiers Incorporated (Research Frontiers) is engaged in the development and marketing of technology and devices to control the flow of light. The Company develops and licenses its patented suspended particle device (SPD-Smart) light-control technology to other companies that manufacture and market either the SPD-Smart chemical emulsion, light-control film made from the chemical emulsion, lamination services, electronics to power end-products incorporating the film, or the end-products themselves, such as smart windows, skylights and sunroofs.
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