Bridgford Foods (NASDAQ:BRID) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Bridgford Foods Corporation (NASDAQ:BRID) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $7.55 and traded as low as $6.48. Bridgford Foods shares last traded at $6.56, with a volume of 1,978 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Bridgford Foods in a research report on Monday, April 20th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Bridgford Foods Price Performance

The stock has a market capitalization of $59.18 million, a P/E ratio of -4.21 and a beta of -0.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.41 and a quick ratio of 0.96. The stock has a fifty day moving average price of $7.32 and a 200 day moving average price of $7.54.

Bridgford Foods (NASDAQ:BRID) last released its quarterly earnings data on Monday, June 1st. The company reported ($0.54) earnings per share (EPS) for the quarter. Bridgford Foods had a negative net margin of 6.07% and a negative return on equity of 12.27%. The company had revenue of $50.04 million for the quarter.

Institutional Investors Weigh In On Bridgford Foods

A hedge fund recently raised its stake in Bridgford Foods stock. Private Management Group Inc. increased its position in Bridgford Foods Corporation (NASDAQ:BRID) by 194.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,040 shares of the company’s stock after acquiring an additional 52,190 shares during the quarter. Private Management Group Inc. owned about 0.87% of Bridgford Foods worth $617,000 at the end of the most recent quarter. 4.68% of the stock is currently owned by institutional investors and hedge funds.

Bridgford Foods Company Profile

Bridgford Foods Corporation is a U.S.-based producer and distributor of specialty baked goods and snack products. The company manufactures a range of ready-to-heat and shelf-stable items, including sandwich rolls, hot dog buns, bagels, English muffins, pizza crusts, tortillas and flatbreads. In addition to its branded offerings, Bridgford Foods provides private-label manufacturing for foodservice operators, retail grocers and specialty distributors, positioning itself as a versatile supplier in both consumer and commercial channels.

Operating through distinct Retail and Foodservice segments, Bridgford Foods serves national grocery chains, club stores, convenience markets and institutional customers.