Bridgford Foods (NASDAQ:BRID) Share Price Passes Below 200 Day Moving Average – What’s Next?

Bridgford Foods Corporation (NASDAQ:BRID)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.46 and traded as low as $6.37. Bridgford Foods shares last traded at $6.49, with a volume of 4,815 shares.

Analyst Ratings Changes

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

Bridgford Foods Stock Performance

The stock’s fifty day moving average is $7.09 and its 200-day moving average is $7.46. The company has a quick ratio of 0.96, a current ratio of 2.41 and a debt-to-equity ratio of 0.01. The stock has a market cap of $58.93 million, a price-to-earnings ratio of -4.19 and a beta of -0.15.

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

Hedge Funds Weigh In On Bridgford Foods

An institutional investor recently bought a new stake in Bridgford Foods stock. Private Management Group Inc. purchased a new position in shares of Bridgford Foods Corporation (NASDAQ:BRID) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 26,850 shares of the company’s stock, valued at approximately $213,000. Private Management Group Inc. owned 0.30% of Bridgford Foods as of its most recent filing with the Securities and Exchange Commission (SEC). 4.68% of the stock is 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.