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

Shares of Bridgford Foods Corporation (NASDAQ:BRID) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.18 and traded as low as $6.08. Bridgford Foods shares last traded at $6.23, with a volume of 4,861 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Bridgford Foods in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Bridgford Foods Trading Up 2.0%

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 50-day moving average price of $6.49 and a two-hundred day moving average price of $7.18. The stock has a market cap of $56.57 million, a PE ratio of -4.02 and a beta of -0.14.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new stake in Bridgford Foods in the second quarter worth $31,000. Susquehanna International Group LLP purchased a new stake in Bridgford Foods during the second quarter valued at $68,000. Finally, Private Management Group Inc. bought a new position in Bridgford Foods during the third quarter valued at $213,000. 4.68% of the stock is currently owned by institutional investors.

About Bridgford Foods

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.