Barfresh Food Group (OTCMKTS:BRFH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday, Zacks.com reports. The firm presently has a $0.25 price objective on the stock. Zacks Investment Research‘s target price would indicate a potential downside of 13.79% from the stock’s current price.
According to Zacks, “Barfresh Food Group, Inc. is a developer, manufacturer and distributer of ready-to-blend beverages, including smoothies, shakes and frappes. The Company primarily provides its products to restaurant chains in the fast food and fast casual dining sector. It offers portion controlled ready to blend beverage ingredient packs for smoothies, shakes, and frappes, as well as for cocktails and mocktails. Barfresh Food Group, Inc. is based in Denver, Colorado. “
Separately, ValuEngine cut shares of Barfresh Food Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd.
Shares of BRFH stock traded up $0.01 during trading hours on Wednesday, hitting $0.29. 37,753 shares of the company’s stock were exchanged, compared to its average volume of 75,170. The stock’s 50-day moving average is $0.29 and its 200-day moving average is $0.40. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.02 and a quick ratio of 0.79. Barfresh Food Group has a 52 week low of $0.25 and a 52 week high of $0.77.
About Barfresh Food Group
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.
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