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

Barfresh Food Group Inc. (NASDAQ:BRFH)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.75 and traded as low as $2.01. Barfresh Food Group shares last traded at $2.01, with a volume of 10,281 shares changing hands.

Wall Street Analysts Forecast Growth

BRFH has been the subject of a number of research analyst reports. Weiss Ratings lowered shares of Barfresh Food Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 13th. Zacks Research raised Barfresh Food Group from a “strong sell” rating to a “hold” rating in a research report on Friday, June 12th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $6.00.

Barfresh Food Group Trading Up 1.0%

The company has a market capitalization of $32.44 million, a P/E ratio of -11.82 and a beta of 0.71. The company has a 50-day simple moving average of $2.41 and a 200 day simple moving average of $2.75. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.76 and a current ratio of 1.07.

Barfresh Food Group (NASDAQ:BRFH) last posted its quarterly earnings data on Wednesday, April 15th. The company reported ($0.05) earnings per share for the quarter. Barfresh Food Group had a negative net margin of 15.34% and a negative return on equity of 148.74%. Sell-side analysts expect that Barfresh Food Group Inc. will post -0.05 earnings per share for the current year.

Institutional Trading of Barfresh Food Group

An institutional investor recently bought a new position in Barfresh Food Group stock. Virtu Financial LLC purchased a new position in Barfresh Food Group Inc. (NASDAQ:BRFH) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 18,255 shares of the company’s stock, valued at approximately $64,000. Virtu Financial LLC owned about 0.11% of Barfresh Food Group 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 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.