Barfresh Food Group (NASDAQ:BRFH) Share Price Crosses Above 200-Day Moving Average - Here's Why

Key Points

• Barfresh Food Group Inc. shares have crossed above their 200-day moving average, reaching a high of $3.44, with the last traded price at $3.20.
• Maxim Group raised its target price for Barfresh stock from $5.00 to $6.00 and assigned a "buy" rating.
• The company reported a negative net margin of 27.38% and a quarterly revenue of $1.63 million, which fell short of the consensus estimate of $2.14 million.

Barfresh Food Group Inc. (NASDAQ:BRFH - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.94 and traded as high as $3.44. Barfresh Food Group shares last traded at $3.20, with a volume of 75,739 shares.

Analyst Ratings Changes

Separately, Maxim Group upped their target price on shares of Barfresh Food Group from $5.00 to $6.00 and gave the stock a "buy" rating in a research note on Friday, September 19th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $6.00.

Barfresh Food Group Price Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.85 and a current ratio of 1.97. The stock's fifty day moving average price is $3.11 and its 200-day moving average price is $2.94. The firm has a market cap of $51.01 million, a PE ratio of -16.00 and a beta of 1.03.

Barfresh Food Group (NASDAQ:BRFH - Get Free Report) last posted its earnings results on Wednesday, August 13th. The company reported ($0.06) earnings per share for the quarter, meeting the consensus estimate of ($0.06). Barfresh Food Group had a negative net margin of 27.38% and a negative return on equity of 176.38%. The firm had revenue of $1.63 million during the quarter, compared to the consensus estimate of $2.14 million. Barfresh Food Group has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Barfresh Food Group Inc. will post -0.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Barfresh Food Group

A hedge fund recently raised its stake in Barfresh Food Group stock. HighTower Advisors LLC increased its position in Barfresh Food Group Inc. (NASDAQ:BRFH - Free Report) by 20.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 156,255 shares of the company's stock after buying an additional 26,316 shares during the period. HighTower Advisors LLC owned about 0.98% of Barfresh Food Group worth $477,000 as of its most recent SEC filing. 22.66% of the stock is currently owned by hedge funds and other institutional investors.

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.

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