Barfresh Food Group (NASDAQ:BRFH) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Barfresh Food Group Inc. (NASDAQ:BRFH) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.08 and traded as high as $3.35. Barfresh Food Group shares last traded at $3.35, with a volume of 702 shares trading hands.

Wall Street Analysts Forecast Growth

BRFH has been the subject of several research reports. Maxim Group increased their price target on Barfresh Food Group from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Barfresh Food Group in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $6.00.

Barfresh Food Group Stock Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.01 and a current ratio of 1.25. The company has a market capitalization of $53.50 million, a P/E ratio of -17.63 and a beta of 1.07. The business has a 50 day moving average of $3.29 and a 200-day moving average of $3.08.

Barfresh Food Group (NASDAQ:BRFH) last posted its earnings results on Thursday, November 6th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). Barfresh Food Group had a negative net margin of 24.05% and a negative return on equity of 151.77%. The company had revenue of $4.23 million for the quarter, compared to analysts’ expectations of $4.36 million. On average, sell-side analysts predict that Barfresh Food Group Inc. will post -0.13 EPS for the current fiscal year.

Institutional Trading of Barfresh Food Group

A hedge fund recently raised its stake in Barfresh Food Group stock. HighTower Advisors LLC raised its position in Barfresh Food Group Inc. (NASDAQ:BRFH) by 20.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 156,255 shares of the company’s stock after purchasing an additional 26,316 shares during the period. HighTower Advisors LLC owned 0.98% of Barfresh Food Group worth $477,000 at the end of the most recent reporting period. Institutional investors own 22.66% of the company’s stock.

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.