Barfresh Food Group (NASDAQ:BRFH) Stock Price Crosses Above 200 Day Moving Average of $1.42

Barfresh Food Group, Inc. (NASDAQ:BRFH)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.42 and traded as high as $2.19. Barfresh Food Group shares last traded at $1.82, with a volume of 44,085,325 shares.

Barfresh Food Group Stock Performance

The company has a 50 day moving average of $1.16 and a 200 day moving average of $1.41.

Barfresh Food Group (NASDAQ:BRFH) last issued its quarterly earnings data on Friday, March 22nd. The company reported ($0.05) 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 analyst estimates of $3.00 million. Barfresh Food Group had a negative return on equity of 159.29% and a negative net margin of 34.81%. Analysts expect that Barfresh Food Group, Inc. will post -0.06 earnings per share for the current fiscal 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 shares of Barfresh Food Group, Inc. (NASDAQ:BRFH) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor 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 at the end of the most recent quarter. 22.66% of the stock is owned by institutional investors and hedge funds.

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.