Shares of Barfresh Food Group Inc. (NASDAQ:BRFH – Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.75 and traded as low as $2.01. Barfresh Food Group shares last traded at $2.01, with a volume of 10,281 shares trading hands.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on BRFH shares. Weiss Ratings lowered Barfresh Food Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 13th. Zacks Research upgraded shares of Barfresh Food Group from a “strong sell” rating to a “hold” rating in a research report on Friday, June 12th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $6.00.
Get Our Latest Analysis on Barfresh Food Group
Barfresh Food Group Stock Up 3.5%
Barfresh Food Group (NASDAQ:BRFH – Get Free Report) last posted its quarterly earnings results on Wednesday, April 15th. The company reported ($0.05) earnings per share for the quarter. Barfresh Food Group had a negative return on equity of 148.74% and a negative net margin of 15.34%. As a group, sell-side analysts anticipate that Barfresh Food Group Inc. will post -0.05 earnings per share for the current year.
Hedge Funds Weigh In On Barfresh Food Group
An institutional investor recently bought a new stake in Barfresh Food Group stock. Virtu Financial LLC bought a new position in shares of Barfresh Food Group Inc. (NASDAQ:BRFH – Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 18,255 shares of the company’s stock, valued at approximately $64,000. Virtu Financial LLC owned approximately 0.11% of Barfresh Food Group as of its most recent SEC filing. 22.66% of the stock is currently 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.
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