Barfresh Food Group (NASDAQ:BRFH) Issues Earnings Results

Barfresh Food Group (NASDAQ:BRFH) posted its quarterly earnings data on Thursday. The company reported ($0.02) EPS for the quarter, Zacks reports. Barfresh Food Group had a negative return on equity of 176.38% and a negative net margin of 27.38%.

Barfresh Food Group Trading Down 2.9%

Shares of NASDAQ:BRFH traded down $0.09 during trading on Thursday, reaching $3.04. 7,861 shares of the stock were exchanged, compared to its average volume of 27,719. The firm’s 50-day moving average price is $3.30 and its 200 day moving average price is $3.00. The firm has a market cap of $48.46 million, a price-to-earnings ratio of -15.20 and a beta of 1.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.85 and a current ratio of 1.97. Barfresh Food Group has a 12-month low of $2.00 and a 12-month high of $6.08.

Analyst Ratings Changes

Several analysts have commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Barfresh Food Group in a report on Thursday, October 30th. Maxim Group lifted their price target on Barfresh Food Group from $5.00 to $6.00 and gave the company a “buy” rating in a report on Friday, September 19th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Barfresh Food Group currently has a consensus rating of “Hold” and an average target price of $6.00.

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.