Barfresh Food Group (NASDAQ:BRFH) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Barfresh Food Group, Inc. (NASDAQ:BRFH) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.04 and traded as high as $3.98. Barfresh Food Group shares last traded at $3.63, with a volume of 2,659 shares.

Barfresh Food Group Stock Down 4.5 %

The company has a market capitalization of $53.57 million, a P/E ratio of -20.17 and a beta of 0.52. The firm’s 50 day moving average price is $3.32 and its two-hundred day moving average price is $3.04. The company has a current ratio of 1.39, a quick ratio of 1.05 and a debt-to-equity ratio of 0.11.

Hedge Funds Weigh In On Barfresh Food Group

An institutional investor recently raised its position in Barfresh Food Group stock. HighTower Advisors LLC raised its holdings in shares of Barfresh Food Group, Inc. (NASDAQ:BRFH) by 37.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 129,939 shares of the company’s stock after acquiring an additional 35,363 shares during the quarter. HighTower Advisors LLC owned approximately 0.88% of Barfresh Food Group worth $378,000 at the end of the most recent reporting period. 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.