Barfresh Food Group (NASDAQ:BRFH) Share Price Passes Above Two Hundred Day Moving Average of $1.82

Barfresh Food Group, Inc. (NASDAQ:BRFH)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.82 and traded as high as $3.80. Barfresh Food Group shares last traded at $3.52, with a volume of 36,965 shares.

Barfresh Food Group Price Performance

The firm has a market capitalization of $49.75 million, a price-to-earnings ratio of -18.78 and a beta of 0.48. The business’s fifty day simple moving average is $2.83 and its 200 day simple moving average is $1.84.

Barfresh Food Group (NASDAQ:BRFH) last posted its quarterly earnings results on Wednesday, May 15th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. The business had revenue of $2.83 million during the quarter, compared to analysts’ expectations of $2.20 million. Barfresh Food Group had a negative net margin of 26.71% and a negative return on equity of 121.51%. Equities research analysts expect that Barfresh Food Group, Inc. will post -0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Barfresh Food Group stock. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Barfresh Food Group, Inc. (NASDAQ:BRFH) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period. 22.66% of the stock is currently owned by institutional investors and hedge funds.

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.