Barfresh Food Group (NASDAQ:BRFH) Shares Cross Above 200 Day Moving Average – Time to Sell?

Shares of Barfresh Food Group Inc. (NASDAQ:BRFH) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.15 and traded as high as $3.28. Barfresh Food Group shares last traded at $3.27, with a volume of 9,476 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Barfresh Food Group in a research report on Thursday, October 30th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $6.00.

Barfresh Food Group Stock Performance

The stock has a market capitalization of $52.22 million, a price-to-earnings ratio of -17.21 and a beta of 0.95. The company has a current ratio of 1.25, a quick ratio of 1.01 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average of $3.13 and a 200-day moving average of $3.15.

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

Institutional Trading of Barfresh Food Group

A hedge fund recently bought a new stake in Barfresh Food Group stock. Virtu Financial LLC acquired a new position in Barfresh Food Group Inc. (NASDAQ:BRFH) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 18,255 shares of the company’s stock, valued at approximately $64,000. Virtu Financial LLC owned 0.11% of Barfresh Food Group at the end of the most recent reporting period. Institutional investors and hedge funds own 22.66% of the company’s stock.

About Barfresh Food Group

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.