Barfresh Food Group Inc (BRFH) Major Shareholder Ibex Investors Llc Sells 491,782 Shares

Barfresh Food Group Inc (OTCMKTS:BRFH) major shareholder Ibex Investors Llc sold 491,782 shares of Barfresh Food Group stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $0.57, for a total transaction of $280,315.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Barfresh Food Group Inc (OTCMKTS BRFH) remained flat at $$0.54 during mid-day trading on Friday. The stock had a trading volume of 30,470 shares, compared to its average volume of 41,127. The stock has a market cap of $65.14, a PE ratio of -6.00 and a beta of 0.77. Barfresh Food Group Inc has a 52 week low of $0.52 and a 52 week high of $0.83.

Barfresh Food Group (OTCMKTS:BRFH) last released its quarterly earnings data on Tuesday, November 14th. The company reported ($0.02) EPS for the quarter, hitting analysts’ consensus estimates of ($0.02). The firm had revenue of $0.68 million for the quarter, compared to the consensus estimate of $1.85 million. Barfresh Food Group had a negative net margin of 521.81% and a negative return on equity of 110.07%. equities analysts expect that Barfresh Food Group Inc will post -0.07 EPS for the current fiscal year.

BRFH has been the topic of several analyst reports. Maxim Group lowered their target price on shares of Barfresh Food Group from $2.00 to $1.50 and set a “buy” rating on the stock in a report on Wednesday, November 15th. Zacks Investment Research downgraded shares of Barfresh Food Group from a “buy” rating to a “hold” rating in a report on Thursday, November 23rd.

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Barfresh Food Group Company Profile

Barfresh Food Group, Inc is a manufacturer and distributor of ready to blend frozen beverages. The Company’s portfolio of products includes smoothies, shakes and frappes. All of the Company’s products are portion controlled beverage ingredient packs, suitable for smoothies, shakes and frappes that can also be utilized for cocktails and mocktails.

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