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

Shares of Barfresh Food Group, Inc. (NASDAQ:BRFH) crossed 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 trading hands.

Barfresh Food Group Stock Performance

The company has a market cap of $26.20 million, a P/E ratio of -8.09 and a beta of 0.22. The firm’s fifty day moving average is $1.21 and its two-hundred day moving average is $1.40.

Barfresh Food Group (NASDAQ:BRFH) last announced its earnings results on Friday, March 22nd. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The business had revenue of $1.92 million for the quarter, compared to analysts’ expectations of $3.00 million. Barfresh Food Group had a negative net margin of 34.81% and a negative return on equity of 159.29%. On average, equities research analysts expect that Barfresh Food Group, Inc. will post -0.06 EPS for the current 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. bought a new position in Barfresh Food Group, Inc. (NASDAQ:BRFH) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 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 filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds 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.