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

Key Points

• Barfresh Food Group's share price recently surpassed its 200-day moving average of $2.94, trading as high as $3.58 during the session.
• Analysts have varying ratings on the stock, with Weiss Ratings issuing a "sell" rating and Maxim Group raising the price target from $5.00 to $6.00 and giving it a "buy" rating.
• The company reported a revenue of $1.63 million in its latest quarter, below analysts' expectations of $2.14 million, and is projected to have -0.13 earnings per share for the current fiscal year.

Barfresh Food Group Inc. (NASDAQ:BRFH - Get Free Report)'s share price 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 $3.58. Barfresh Food Group shares last traded at $3.28, with a volume of 13,507 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on BRFH shares. Weiss Ratings reiterated a "sell (e+)" rating on shares of Barfresh Food Group in a report on Wednesday, October 8th. Maxim Group raised their price target on 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 and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $6.00.

Barfresh Food Group Stock Performance

The firm has a market cap of $52.28 million, a price-to-earnings ratio of -16.40 and a beta of 1.03. The firm's 50 day moving average is $3.19 and its 200-day moving average is $2.94. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.85 and a current ratio of 1.97.

Barfresh Food Group (NASDAQ:BRFH - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The company reported ($0.06) EPS for the quarter, meeting analysts' consensus estimates of ($0.06). The business had revenue of $1.63 million for the quarter, compared to analyst estimates of $2.14 million. Barfresh Food Group had a negative return on equity of 176.38% and a negative net margin of 27.38%. Barfresh Food Group has set its FY 2025 guidance at EPS. Sell-side 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

An institutional investor recently raised its position in Barfresh Food Group stock. HighTower Advisors LLC increased its holdings in shares of Barfresh Food Group Inc. (NASDAQ:BRFH - Free Report) by 20.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 156,255 shares of the company's stock after purchasing an additional 26,316 shares during the period. HighTower Advisors LLC owned approximately 0.98% of Barfresh Food Group worth $477,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 22.66% of the company's stock.

Barfresh Food Group Company Profile

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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