Barfresh Food Group (OTCMKTS:BRFH) Lowered to “Sell” at Zacks Investment Research

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Zacks Investment Research downgraded shares of Barfresh Food Group (OTCMKTS:BRFH) from a hold rating to a sell rating in a research report sent to investors on Monday morning, reports.

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. “

Several other research firms also recently issued reports on BRFH. Maxim Group set a $8.00 price objective on TrovaGene and gave the stock a buy rating in a report on Tuesday, April 2nd. ValuEngine upgraded Zynerba Pharmaceuticals from a sell rating to a hold rating in a report on Monday, April 1st. Finally, Greenridge Global restated a buy rating on shares of Barfresh Food Group in a report on Tuesday, April 2nd.

Shares of OTCMKTS:BRFH opened at $0.46 on Monday. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 0.21. Barfresh Food Group has a one year low of $0.38 and a one year high of $0.81. The company’s 50-day moving average is $0.50.

Barfresh Food Group (OTCMKTS:BRFH) last announced its earnings results on Wednesday, May 15th. The company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). The business had revenue of $0.84 million for the quarter, compared to the consensus estimate of $0.98 million. Barfresh Food Group had a negative return on equity of 888.69% and a negative net margin of 176.22%. On average, equities analysts forecast that Barfresh Food Group will post -0.04 earnings per share for the current year.

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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