Bridgford Foods (NASDAQ:BRID) Stock Price Passes Below 50-Day Moving Average – Here’s Why

Bridgford Foods Corporation (NASDAQ:BRID)’s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $7.82 and traded as low as $7.32. Bridgford Foods shares last traded at $7.49, with a volume of 1,811 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Bridgford Foods in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Bridgford Foods Stock Up 0.1%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.24 and a current ratio of 2.98. The company’s 50-day simple moving average is $7.82 and its two-hundred day simple moving average is $7.80. The firm has a market cap of $67.99 million, a PE ratio of -5.10 and a beta of -0.26.

Bridgford Foods (NASDAQ:BRID) last announced its quarterly earnings results on Wednesday, January 28th. The company reported ($0.74) earnings per share (EPS) for the quarter. The business had revenue of $75.85 million for the quarter. Bridgford Foods had a negative net margin of 5.78% and a negative return on equity of 10.97%.

Institutional Trading of Bridgford Foods

A hedge fund recently raised its stake in Bridgford Foods stock. Private Management Group Inc. raised its stake in shares of Bridgford Foods Corporation (NASDAQ:BRID) by 194.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 79,040 shares of the company’s stock after purchasing an additional 52,190 shares during the quarter. Private Management Group Inc. owned approximately 0.87% of Bridgford Foods worth $617,000 at the end of the most recent reporting period. 4.68% of the stock is owned by 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.