Barfresh Food Group (NASDAQ:BRFH) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Barfresh Food Group, Inc. (NASDAQ:BRFH) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.04 and traded as high as $3.98. Barfresh Food Group shares last traded at $3.63, with a volume of 2,659 shares trading hands.

Barfresh Food Group Trading Down 4.5 %

The company has a current ratio of 1.39, a quick ratio of 1.05 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $53.57 million, a P/E ratio of -20.17 and a beta of 0.52. The business has a 50 day moving average price of $3.32 and a 200 day moving average price of $3.04.

Institutional Trading of Barfresh Food Group

An institutional investor recently raised its position in Barfresh Food Group stock. HighTower Advisors LLC increased its holdings in shares of Barfresh Food Group, Inc. (NASDAQ:BRFH) by 37.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 129,939 shares of the company’s stock after purchasing an additional 35,363 shares during the quarter. HighTower Advisors LLC owned 0.88% of Barfresh Food Group worth $378,000 as of its most recent filing with the SEC. 22.66% of the stock is owned by institutional investors.

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.