Bridgford Foods (NASDAQ:BRID) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Bridgford Foods Corporation (NASDAQ:BRID) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.79 and traded as low as $7.64. Bridgford Foods shares last traded at $7.64, with a volume of 1,049 shares.

Analyst Upgrades and Downgrades

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

Bridgford Foods Stock Down 3.5%

The company has a market cap of $69.37 million, a price-to-earnings ratio of -9.55 and a beta of -0.25. The stock’s 50-day moving average is $7.85 and its 200-day moving average is $7.79. The company has a current ratio of 3.54, a quick ratio of 1.48 and a debt-to-equity ratio of 0.01.

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 disclosure with the Securities and Exchange Commission. The fund 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 quarter. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

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.