Barfresh Food Group (NASDAQ:BRFH) Stock Crosses Above Two Hundred Day Moving Average of $1.54

Barfresh Food Group, Inc. (NASDAQ:BRFH)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.54 and traded as high as $4.07. Barfresh Food Group shares last traded at $3.66, with a volume of 116,748 shares traded.

Barfresh Food Group Stock Performance

The company has a market capitalization of $53.88 million, a PE ratio of -20.33 and a beta of 0.28. The company’s 50-day simple moving average is $2.00 and its 200-day simple moving average is $1.54.

Barfresh Food Group (NASDAQ:BRFH) last posted its quarterly earnings results on Wednesday, May 15th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.02. Barfresh Food Group had a negative net margin of 26.71% and a negative return on equity of 121.51%. The firm had revenue of $2.83 million during the quarter, compared to analysts’ expectations of $2.20 million. Analysts expect that Barfresh Food Group, Inc. will post -0.08 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Barfresh Food Group stock. Mesirow Financial Investment Management Inc. acquired a new position in Barfresh Food Group, Inc. (NASDAQ:BRFH) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,321 shares of the company’s stock, valued at approximately $27,000. Mesirow Financial Investment Management Inc. owned approximately 0.15% of Barfresh Food Group as of its most recent SEC filing. Institutional investors and hedge funds 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.