Barfresh Food Group (NASDAQ:BRFH) Share Price Passes Above 200 Day Moving Average – What’s Next?

Barfresh Food Group, Inc. (NASDAQ:BRFH)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.00 and traded as high as $3.00. Barfresh Food Group shares last traded at $2.65, with a volume of 15,817 shares.

Wall Street Analyst Weigh In

Separately, Greenridge Global raised Barfresh Food Group from a “hold” rating to a “buy” rating and set a $4.50 price target for the company in a report on Monday, August 19th.

Barfresh Food Group Stock Down 8.9 %

The company has a market capitalization of $39.09 million, a PE ratio of -14.72 and a beta of 0.52. The company’s fifty day moving average is $2.71 and its 200-day moving average is $3.01. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.05 and a current ratio of 1.39.

Barfresh Food Group (NASDAQ:BRFH) last announced its quarterly earnings data on Thursday, October 24th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). Barfresh Food Group had a negative return on equity of 131.76% and a negative net margin of 27.14%. The firm had revenue of $3.64 million during the quarter, compared to analysts’ expectations of $3.62 million. During the same period last year, the company earned ($0.04) earnings per share. As a group, analysts predict that Barfresh Food Group, Inc. will post -0.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Barfresh Food Group

A hedge fund recently raised its stake in Barfresh Food Group stock. HighTower Advisors LLC increased its holdings in shares of Barfresh Food Group, Inc. (NASDAQ:BRFH) by 37.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,939 shares of the company’s stock after purchasing an additional 35,363 shares during the quarter. HighTower Advisors LLC owned approximately 0.88% of Barfresh Food Group worth $378,000 at the end of the most recent reporting period. 22.66% of the stock is owned by institutional investors and hedge funds.

About Barfresh Food Group

Barfresh Food Group, Inc, together with its subsidiaries, manufactures and distributes ready-to-drink and ready-to-blend frozen beverages in the United States. It offers smoothies, shakes and frappes in various formats comprising ready-to-drink smoothie, easy pour, juice concentrates, and single serve.