Bridgford Foods (NASDAQ:BRID) Share Price Passes Below 200 Day Moving Average – Should You Sell?
by Jessica Moore · The Cerbat GemBridgford Foods Corporation (NASDAQ:BRID – Get Free Report)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $7.65 and traded as low as $6.93. Bridgford Foods shares last traded at $7.03, with a volume of 2,552 shares trading hands.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Bridgford Foods in a report on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.
Check Out Our Latest Analysis on BRID
Bridgford Foods Stock Performance
The stock has a market capitalization of $60.93 million, a PE ratio of -4.33 and a beta of -0.20. The business’s 50 day moving average is $7.48 and its 200 day moving average is $7.64. The company has a current ratio of 2.41, a quick ratio of 0.96 and a debt-to-equity ratio of 0.01.
Bridgford Foods (NASDAQ:BRID – Get Free Report) last posted its quarterly earnings data on Monday, June 1st. The company reported ($0.54) earnings per share for the quarter. The firm had revenue of $50.04 million during the quarter. Bridgford Foods had a negative return on equity of 12.27% and a negative net margin of 6.07%.
Institutional Investors Weigh In On Bridgford Foods
An institutional investor recently raised its stake in Bridgford Foods stock. Private Management Group Inc. boosted its holdings in shares of Bridgford Foods Corporation (NASDAQ:BRID – Free Report) by 194.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & 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 0.87% of Bridgford Foods worth $617,000 as of its most recent SEC filing. Institutional investors and hedge funds own 4.68% of the company’s stock.
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.