Barfresh Food Group (NASDAQ:BRFH) Stock Price Crosses Above 200 Day Moving Average of $2.30

Barfresh Food Group, Inc. (NASDAQ:BRFH) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.30 and traded as high as $3.45. Barfresh Food Group shares last traded at $3.43, with a volume of 8,664 shares trading hands.

Wall Street Analysts Forecast Growth

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

Barfresh Food Group Stock Performance

The stock has a market capitalization of $50.49 million, a PE ratio of -19.06 and a beta of 0.44. The company has a 50 day moving average of $3.61 and a two-hundred day moving average of $2.30.

Barfresh Food Group (NASDAQ:BRFH) last issued its earnings results on Wednesday, August 14th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The company had revenue of $1.46 million during the quarter, compared to analysts’ expectations of $2.27 million. Barfresh Food Group had a negative return on equity of 131.72% and a negative net margin of 29.91%. During the same quarter in the previous year, the company earned ($0.06) EPS. As a group, research analysts predict that Barfresh Food Group, Inc. will post -0.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Barfresh Food Group stock. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Barfresh Food Group, Inc. (NASDAQ:BRFH) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 22,321 shares of the company’s stock, valued at approximately $27,000. Mesirow Financial Investment Management Inc. owned about 0.15% of Barfresh Food Group as of its most recent SEC filing. 22.66% of the stock is owned by institutional investors.

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.