Barfresh Food Group (NASDAQ:BRFH) Share Price Crosses Above Two Hundred Day Moving Average of $1.46

Shares of Barfresh Food Group, Inc. (NASDAQ:BRFH) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.46 and traded as high as $2.71. Barfresh Food Group shares last traded at $2.53, with a volume of 13,507 shares changing hands.

Barfresh Food Group Stock Down 1.6 %

The business has a 50-day moving average price of $1.68 and a 200-day moving average price of $1.46. The firm has a market capitalization of $37.24 million, a PE ratio of -14.06 and a beta of 0.28.

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, beating analysts’ consensus estimates of ($0.05) by $0.02. The business had revenue of $2.83 million during the quarter, compared to analyst estimates of $2.20 million. Barfresh Food Group had a negative return on equity of 121.51% and a negative net margin of 26.71%. On average, equities research analysts anticipate that Barfresh Food Group, Inc. will post -0.08 earnings per share for the current year.

Institutional Investors Weigh In On Barfresh Food Group

A hedge fund recently bought a new stake 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 its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 22,321 shares of the company’s stock, valued at approximately $27,000. Mesirow Financial Investment Management Inc. owned 0.15% of Barfresh Food Group as of its most recent filing with the Securities & Exchange Commission. 22.66% of the stock is currently owned by hedge funds and other 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.