Bridgford Foods (NASDAQ:BRID) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

by · The Markets Daily

Shares of Bridgford Foods Corporation (NASDAQ:BRID – Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $7.80 and traded as high as $8.50. Bridgford Foods shares last traded at $8.2290, with a volume of 939 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Bridgford Foods in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Get Our Latest Stock Analysis on BRID

Bridgford Foods Stock Up 1.7%

The firm has a market capitalization of $74.72 million, a price-to-earnings ratio of -10.29 and a beta of -0.25. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.54 and a quick ratio of 1.48. The business has a fifty day moving average price of $7.80 and a two-hundred day moving average price of $7.79.

Institutional Trading of Bridgford Foods

An institutional investor recently bought a new position in Bridgford Foods stock. Nuveen LLC acquired a new position in Bridgford Foods Corporation (NASDAQ:BRID – Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 70,834 shares of the company’s stock, valued at approximately $570,000. Nuveen LLC owned 0.78% of Bridgford Foods at the end of the most recent reporting period. Institutional investors own 4.68% of the company’s stock.

Bridgford Foods Company Profile

(Get Free Report)

Bridgford Foods Corporation, together with its subsidiaries, manufactures, markets, and distributes frozen and snack food products in the United States. It operates in two segments, Frozen Food Products and Snack Food Products. The company offers biscuits, bread dough items, roll dough items, and dry sausage and beef jerky products, as well as ready to eat sandwiches and non-refrigerated snack food products.

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