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

Bridgford Foods Corporation (NASDAQ:BRID)’s stock price crossed 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 Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Bridgford Foods in a research note on Monday, April 20th. One 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 Up 1.1%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.96 and a current ratio of 2.41. The firm has a 50-day moving average of $7.34 and a 200-day moving average of $7.55. The firm 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 quarterly earnings data on Monday, June 1st. The company reported ($0.54) earnings per share for the quarter. The company had revenue of $50.04 million during 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

An institutional investor recently raised its position in Bridgford Foods stock. Private Management Group Inc. raised its position in shares of Bridgford Foods Corporation (NASDAQ:BRID) by 194.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,040 shares of the company’s stock after buying an additional 52,190 shares during the period. Private Management Group Inc. owned about 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 and hedge funds.

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.