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

Bridgford Foods Corporation (NASDAQ:BRID) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-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 traded.

Analyst Ratings Changes

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

Bridgford Foods Stock Performance

The firm has a market capitalization of $63.83 million, a P/E ratio of -4.54 and a beta of -0.20. The stock has a 50-day moving average of $7.51 and a 200 day moving average of $7.65. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.96 and a current ratio of 2.41.

Bridgford Foods (NASDAQ:BRID) last released its quarterly earnings results 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 for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Bridgford Foods stock. Private Management Group Inc. boosted its position in shares of Bridgford Foods Corporation (NASDAQ:BRID) by 194.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 79,040 shares of the company’s stock after buying an additional 52,190 shares during the quarter. Private Management Group Inc. owned approximately 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.

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.