Barfresh Food Group (NASDAQ:BRFH) Issues Earnings Results

Barfresh Food Group (NASDAQ:BRFH) issued its earnings results on Thursday. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02), Zacks reports. Barfresh Food Group had a negative return on equity of 131.72% and a negative net margin of 29.91%. The company had revenue of $3.64 million during the quarter, compared to analyst estimates of $3.62 million. During the same period last year, the business earned ($0.04) earnings per share.

Barfresh Food Group Stock Down 16.0 %

Shares of BRFH traded down $0.39 during trading on Friday, reaching $2.05. 53,652 shares of the company traded hands, compared to its average volume of 257,440. The stock has a 50-day simple moving average of $3.03 and a 200-day simple moving average of $2.69. The stock has a market cap of $30.18 million, a PE ratio of -11.72 and a beta of 0.44. Barfresh Food Group has a twelve month low of $1.00 and a twelve month high of $4.61.

Analyst Ratings Changes

Separately, Greenridge Global raised shares of Barfresh Food Group from a “hold” rating to a “buy” rating and set a $4.50 price target on the stock in a research report on Monday, August 19th.

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.