Barfresh Food Group (NASDAQ:BRFH) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Barfresh Food Group, Inc. (NASDAQ:BRFH) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.00 and traded as high as $3.59. Barfresh Food Group shares last traded at $3.52, with a volume of 25,045 shares trading hands.

Barfresh Food Group Price Performance

The company has a market cap of $51.96 million, a PE ratio of -19.56 and a beta of 0.52. The firm’s 50-day moving average is $2.98 and its 200-day moving average is $3.00. The company has a quick ratio of 1.05, a current ratio of 1.39 and a debt-to-equity ratio of 0.11.

Institutional Investors Weigh In On Barfresh Food Group

An institutional investor recently raised its position in Barfresh Food Group stock. HighTower Advisors LLC grew its holdings in shares of Barfresh Food Group, Inc. (NASDAQ:BRFH) by 37.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 129,939 shares of the company’s stock after buying an additional 35,363 shares during the period. HighTower Advisors LLC owned 0.88% of Barfresh Food Group worth $378,000 as of its most recent SEC filing. Hedge funds and other 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.