Bridgford Foods (NASDAQ:BRID) Share Price Passes Below 200 Day Moving Average – Here’s Why

Shares of Bridgford Foods Corporation (NASDAQ:BRID) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $7.55 and traded as low as $6.48. Bridgford Foods shares last traded at $6.56, with a volume of 1,978 shares traded.

Wall Street Analyst Weigh In

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

Bridgford Foods Stock Performance

The company’s fifty day simple moving average is $7.34 and its 200 day simple moving average is $7.55. The company has a current ratio of 2.41, a quick ratio of 0.96 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $59.56 million, a P/E ratio of -4.23 and a beta of -0.14.

Bridgford Foods (NASDAQ:BRID) last announced its earnings results on Monday, June 1st. The company reported ($0.54) earnings per share (EPS) for the quarter. The company 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 Investors Weigh In On Bridgford Foods

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

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.