Barfresh Food Group (NASDAQ:BRFH) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Barfresh Food Group, Inc. (NASDAQ:BRFH)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.02 and traded as high as $4.44. Barfresh Food Group shares last traded at $4.51, with a volume of 11,962 shares traded.

Barfresh Food Group Price Performance

The company has a market cap of $66.57 million, a price-to-earnings ratio of -25.06 and a beta of 0.52. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.05 and a current ratio of 1.39. The business has a fifty day moving average price of $3.14 and a 200 day moving average price of $3.02.

Institutional Investors 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 shares of Barfresh Food Group, Inc. (NASDAQ:BRFH) by 37.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 129,939 shares of the company’s stock after acquiring an additional 35,363 shares during the period. HighTower Advisors LLC owned about 0.88% of Barfresh Food Group worth $378,000 at the end of the most recent reporting period. 22.66% of the stock is 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.