Barfresh Food Group (NASDAQ:BRFH) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Barfresh Food Group, Inc. (NASDAQ:BRFH)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.00 and traded as high as $3.59. Barfresh Food Group shares last traded at $3.52, with a volume of 25,045 shares.

Barfresh Food Group Price Performance

The company’s 50-day simple moving average is $3.00 and its 200 day simple moving average is $3.00. 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 company has a market cap of $56.80 million, a PE ratio of -21.38 and a beta of 0.52.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Barfresh Food Group stock. Geode Capital Management LLC lifted its stake in shares of Barfresh Food Group, Inc. (NASDAQ:BRFH) by 9.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 89,391 shares of the company’s stock after buying an additional 7,718 shares during the quarter. Geode Capital Management LLC owned approximately 0.61% of Barfresh Food Group worth $260,000 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.