Westpark Capital Remains a Buy on Research Frontiers Inc (REFR)


In a report released today, Ishfaque Faruk from Westpark Capital maintained a Buy rating on Research Frontiers Inc (NASDAQ: REFR), with a price target of $3. The company’s shares closed yesterday at $0.88.

Faruk noted:

“Weak Quarter; Strategic Investment and Potential Auto OEM Addition Keeps us Optimistic.”

According to TipRanks.com, Faruk is ranked #4669 out of 4850 analysts.

Currently, the analyst consensus on Research Frontiers Inc is a Moderate Buy with an average price target of $3.

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The company has a one-year high of $1.46 and a one-year low of $0.60. Currently, Research Frontiers Inc has an average volume of 37.41K.

Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of REFR in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Research Frontiers, Inc. engages in development, licensing and commercialization of suspended particle device (SPD) light-control technology for automobiles, homes, buildings, aircraft, boats, exhibition and display applications markets.

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