Barfresh Food Group (NASDAQ:BRFH) Shares Cross Above 200 Day Moving Average – Time to Sell?

Barfresh Food Group Inc. (NASDAQ:BRFH) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.15 and traded as high as $3.28. Barfresh Food Group shares last traded at $3.27, with a volume of 9,476 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Barfresh Food Group in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Barfresh Food Group has a consensus rating of “Hold” and a consensus price target of $6.00.

Barfresh Food Group Trading Up 3.5%

The company has a 50 day simple moving average of $3.13 and a 200 day simple moving average of $3.15. The company has a market capitalization of $52.22 million, a PE ratio of -17.21 and a beta of 0.95. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.01 and a current ratio of 1.25.

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

Hedge Funds Weigh In On Barfresh Food Group

A hedge fund recently bought a new stake in Barfresh Food Group stock. Virtu Financial LLC acquired a new stake in shares of Barfresh Food Group Inc. (NASDAQ:BRFH) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 18,255 shares of the company’s stock, valued at approximately $64,000. Virtu Financial LLC owned approximately 0.11% of Barfresh Food Group at the end of the most recent quarter. 22.66% of the stock is owned by hedge funds and other institutional investors.

About Barfresh Food Group

Barfresh Food Group, Inc develops, manufactures and distributes a line of fresh-frozen, portion-controlled beverage and breakfast products for the foodservice and retail channels. The company’s flagship offerings include smoothie base blends, pancake and waffle mixes, and related griddle products designed to deliver convenience, consistency and controlled portions. Barfresh products require only the addition of liquid and blending or mixing prior to service, catering to operators seeking quick-serve solutions without sacrificing quality.

Operating from a single, fully certified manufacturing facility in Miami, Florida, Barfresh adheres to strict quality and safety protocols throughout its production processes.