Barfresh Food Group (NASDAQ:BRFH) Stock Passes Above 200-Day Moving Average – Should You Sell?

Barfresh Food Group Inc. (NASDAQ:BRFH) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.15 and traded as high as $3.17. Barfresh Food Group shares last traded at $3.12, with a volume of 4,222 shares traded.

Wall Street Analyst Weigh In

BRFH has been the topic of a number of analyst reports. Maxim Group lifted their price objective on Barfresh Food Group from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Weiss Ratings restated a “sell (d-)” rating on shares of Barfresh Food Group in a research note on Thursday, October 30th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $6.00.

Barfresh Food Group Stock Performance

The company has a market capitalization of $49.83 million, a P/E ratio of -16.42 and a beta of 0.95. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.01 and a current ratio of 1.25. The business’s fifty day simple moving average is $3.11 and its 200-day simple moving average is $3.15.

Barfresh Food Group (NASDAQ:BRFH) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The firm had revenue of $4.23 million for the quarter, compared to analysts’ expectations of $4.36 million. Barfresh Food Group had a negative return on equity of 151.77% and a negative net margin of 24.05%. As a group, equities analysts anticipate that Barfresh Food Group Inc. will post -0.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Barfresh Food Group

A hedge fund recently bought a new stake in Barfresh Food Group stock. Virtu Financial LLC bought a new stake in shares of Barfresh Food Group Inc. (NASDAQ:BRFH) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 18,255 shares of the company’s stock, valued at approximately $64,000. Virtu Financial LLC owned 0.11% of Barfresh Food Group as of its most recent filing with the Securities and Exchange Commission. 22.66% of the stock is owned by institutional investors and hedge funds.

Barfresh Food Group Company Profile

Barfresh Food Group, Inc develops, manufactures and distributes a line of fresh-frozen, portion-controlled beverage and breakfast products for the foodservice and retail channels. The company’s flagship offerings include smoothie base blends, pancake and waffle mixes, and related griddle products designed to deliver convenience, consistency and controlled portions. Barfresh products require only the addition of liquid and blending or mixing prior to service, catering to operators seeking quick-serve solutions without sacrificing quality.

Operating from a single, fully certified manufacturing facility in Miami, Florida, Barfresh adheres to strict quality and safety protocols throughout its production processes.