Barfresh Food Group (NASDAQ:BRFH) Shares Cross Above Two Hundred Day Moving Average of $1.40

Barfresh Food Group, Inc. (NASDAQ:BRFH) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.40 and traded as high as $1.90. Barfresh Food Group shares last traded at $1.78, with a volume of 69,754 shares.

Barfresh Food Group Price Performance

The company has a market cap of $26.20 million, a price-to-earnings ratio of -8.09 and a beta of 0.22. The firm’s fifty day moving average price is $1.21 and its 200-day moving average price is $1.40.

Barfresh Food Group (NASDAQ:BRFH) last posted its earnings results on Friday, March 22nd. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.04). Barfresh Food Group had a negative net margin of 34.81% and a negative return on equity of 159.29%. The business had revenue of $1.92 million during the quarter, compared to analyst estimates of $3.00 million. As a group, equities analysts forecast that Barfresh Food Group, Inc. will post -0.06 earnings per share for the current fiscal year.

Hedge Funds 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 shares of Barfresh Food Group, Inc. (NASDAQ:BRFH) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 22,321 shares of the company’s stock, valued at approximately $27,000. Mesirow Financial Investment Management Inc. owned approximately 0.15% of Barfresh Food Group as of its most recent SEC filing. Hedge funds and other institutional investors own 22.66% of the company’s stock.

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.