Barfresh Food Group (NASDAQ:BRFH) Shares Cross Above 200-Day Moving Average – Should You Sell?

Barfresh Food Group, Inc. (NASDAQ:BRFH)’s share price passed 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 traded.

Wall Street Analysts Forecast Growth

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

Barfresh Food Group Trading Down 8.9 %

The stock’s 50 day moving average is $2.71 and its 200-day moving average is $3.00. 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 current ratio of 1.39, a quick ratio of 1.05 and a debt-to-equity ratio of 0.11.

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

Institutional Trading of Barfresh Food Group

A hedge fund recently raised its stake in Barfresh Food Group stock. Geode Capital Management LLC lifted its holdings in shares of Barfresh Food Group, Inc. (NASDAQ:BRFH) by 9.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,391 shares of the company’s stock after buying an additional 7,718 shares during the period. Geode Capital Management LLC owned approximately 0.61% of Barfresh Food Group worth $260,000 at the end of the most recent reporting period. 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.