Barfresh Food Group (NASDAQ:BRFH) Stock Crosses Above 200-Day Moving Average – What’s Next?

Barfresh Food Group, Inc. (NASDAQ:BRFH)’s share price crossed 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 changing hands.

Wall Street Analysts Forecast Growth

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

Barfresh Food Group Stock Performance

The company has a market cap of $39.09 million, a P/E ratio of -14.72 and a beta of 0.52. The company has a quick ratio of 1.05, a current ratio of 1.39 and a debt-to-equity ratio of 0.11. The business has a fifty day simple moving average of $2.71 and a two-hundred day simple moving average of $3.00.

Barfresh Food Group (NASDAQ:BRFH) last issued its quarterly earnings data on Thursday, October 24th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.02). The business had revenue of $3.64 million during the quarter, compared to the consensus estimate of $3.62 million. Barfresh Food Group had a negative return on equity of 131.76% and a negative net margin of 27.14%. During the same quarter last year, the company earned ($0.04) EPS. On average, sell-side analysts anticipate that Barfresh Food Group, Inc. will post -0.13 EPS for the current year.

Institutional Investors Weigh In On Barfresh Food Group

An institutional investor recently raised its position in Barfresh Food Group stock. Geode Capital Management LLC raised its stake in shares of Barfresh Food Group, Inc. (NASDAQ:BRFH) by 9.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 89,391 shares of the company’s stock after purchasing an additional 7,718 shares during the period. Geode Capital Management LLC owned 0.61% of Barfresh Food Group worth $260,000 as of its most recent SEC filing. Institutional investors own 22.66% of the company’s stock.

Barfresh Food Group Company Profile

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.