Weakness Seen in Research Frontiers (REFR): Stock Declines 9.1%
Research Frontiers Inc. (REFR) saw a big move in the last trading session, as the company’s shares fell by over 9% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for REFR as the stock is now down nearly 22% in the past one-month time frame.
Research Frontiers, engaged in the development and marketing of technology and devices to control the flow of light, has not seen any estimate revision over the past month, and its current year earnings consensus hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, especially on earnings estimates following the recent slump.
REFR currently holds a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.
Investors interested in the Electronics industry may consider better-ranked stocks like Universal Electronics Inc. (UEIC), Garmin Ltd. (GRMN) and Siemens Aktiengesellschaft (SI). While Universal Electronics carries a Zacks Rank #1 (Strong Buy), Garmin and Siemens hold a Zacks Rank #2 (Buy).
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RESEARCH FRONTIERS INC (REFR): Free Stock Analysis Report
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