Barfresh Food Group (NASDAQ:BRFH) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

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 trading hands.

Barfresh Food Group Price Performance

The business has a 50-day moving average price of $3.14 and a two-hundred day moving average price of $3.02. The company has a quick ratio of 1.05, a current ratio of 1.39 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $66.55 million, a price-to-earnings ratio of -25.06 and a beta of 0.52.

Hedge Funds Weigh In On Barfresh Food Group

An institutional investor recently raised its position in Barfresh Food Group stock. Geode Capital Management LLC increased its position in Barfresh Food Group, Inc. (NASDAQ:BRFH) by 9.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 89,391 shares of the company’s stock after acquiring an additional 7,718 shares during the quarter. Geode Capital Management LLC owned about 0.61% of Barfresh Food Group worth $260,000 as of its most recent SEC filing. Institutional investors and hedge funds own 22.66% of the company’s stock.

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.