Bridgford Foods (NASDAQ:BRID) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Bridgford Foods Corporation (NASDAQ:BRID)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.78 and traded as low as $7.76. Bridgford Foods shares last traded at $7.7250, with a volume of 639 shares changing hands.

Analysts Set New Price Targets

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

Bridgford Foods Trading Down 2.7%

The stock has a market cap of $70.12 million, a PE ratio of -9.66 and a beta of -0.25. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.48 and a current ratio of 3.54. The company has a 50 day moving average of $7.79 and a two-hundred day moving average of $7.78.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Bridgford Foods stock. Private Management Group Inc. bought a new stake in shares of Bridgford Foods Corporation (NASDAQ:BRID) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 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 reporting period. Institutional investors own 4.68% of the company’s stock.

Bridgford Foods Company Profile

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.