Barfresh Food Group (OTCMKTS:BRFH) announced its quarterly earnings results on Wednesday. The company reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02), MarketWatch Earnings reports. The business had revenue of $0.84 million for the quarter, compared to analysts’ expectations of $0.98 million. Barfresh Food Group had a negative return on equity of 937.30% and a negative net margin of 173.09%.
BRFH traded up $0.03 during trading hours on Thursday, hitting $0.48. The company’s stock had a trading volume of 76,666 shares, compared to its average volume of 58,451. Barfresh Food Group has a fifty-two week low of $0.38 and a fifty-two week high of $0.81.
A number of brokerages have recently weighed in on BRFH. Zacks Investment Research cut Barfresh Food Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 16th. Maxim Group restated a “buy” rating and issued a $1.50 target price on shares of Barfresh Food Group in a research report on Tuesday, April 2nd. ValuEngine cut Barfresh Food Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 30th. Finally, Greenridge Global restated a “buy” rating on shares of Barfresh Food Group in a research report on Tuesday, April 2nd.
Barfresh Food Group Company Profile
Barfresh Food Group, Inc manufactures and distributes ready to blend frozen beverages in the United States. It offers portion controlled and ready to blend beverage ingredient packs for smoothies, shakes, and frappes, as well as cocktails and mocktails. The company was founded in 2009 and is headquartered in Beverly Hills, California.
Further Reading: Elliott Wave Theory