Barfresh Food Group (NASDAQ:BRFH) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Barfresh Food Group, Inc. (NASDAQ:BRFH) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.00 and traded as high as $3.67. Barfresh Food Group shares last traded at $3.36, with a volume of 9,197 shares changing hands.

Barfresh Food Group Price Performance

The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.05 and a current ratio of 1.39. The company has a market cap of $49.56 million, a price-to-earnings ratio of -18.67 and a beta of 0.52. The company has a 50-day simple moving average of $2.91 and a 200-day simple moving average of $3.00.

Institutional Investors Weigh In On Barfresh Food Group

An institutional investor recently raised its position in Barfresh Food Group stock. HighTower Advisors LLC lifted its stake in Barfresh Food Group, Inc. (NASDAQ:BRFH) by 37.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 129,939 shares of the company’s stock after purchasing an additional 35,363 shares during the period. HighTower Advisors LLC owned approximately 0.88% of Barfresh Food Group worth $378,000 as of its most recent SEC filing. 22.66% of the stock is owned by institutional investors and hedge funds.

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.