It has been a pretty volatile time for the Barfresh Food Group (OTCMKTS:BRFH) in recent times and it might be the right time for investors to take a closer look at the situation. Yesterday, the stock suffered from a pretty heavy selloff and went down by as much as 11.50%.
Trading Data
On Monday, BRFH stock decreased by 11.41% to $0.4302 with more than 32.2k, compared to its average volume of 56k share. The stock has moved within a range of $0.4302 – 0.4800 after opening trade at $0.48.
Barfresh wins contract from Army & Air Force Exchange Service
However, at the same time, it is also necessary to keep in mind that in the past week, the Barfresh Food stock is still up by 8%. As a matter of fact, the selloff in the stock on Monday may come as a surprise to many considering the fact that it emerged yesterday that Barfresh Food had managed bag a contract with the Army & Air Force Exchange Service.
In addition to that, it should be noted that the contract if for five years. In this regard, it should be noted that as per the terms of the contract at this point, Barfresh Food is going to be responsible for supplying the Twist & Go product for the AAFES School Meal Program. It goes without saying that the contract is an important one for the company but clearly it did not impress investors a great deal. It remains to be seen if he stock can rebound today.
Technical Data
BRFH stock is trading above the 20-Day and 50-Day Moving averages of $0.40 and $0.38 respectively. However, the stock is trading below the 200-Day moving average of $0.46. The stock is up 9% in the past month.
