Bridgford Foods (NASDAQ:BRID) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Bridgford Foods Corporation (NASDAQ:BRID) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.46 and traded as low as $6.37. Bridgford Foods shares last traded at $6.49, with a volume of 4,815 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Bridgford Foods in a research report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Bridgford Foods currently has an average rating of “Sell”.

Bridgford Foods Stock Up 1.9%

The stock has a market capitalization of $58.91 million, a P/E ratio of -4.19 and a beta of -0.15. The company’s 50-day moving average price is $7.09 and its 200 day moving average price is $7.46. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.96 and a current ratio of 2.41.

Bridgford Foods (NASDAQ:BRID) last released its earnings results on Monday, June 1st. The company reported ($0.54) earnings per share for the quarter. Bridgford Foods had a negative net margin of 6.07% and a negative return on equity of 12.27%. The firm had revenue of $50.04 million for the quarter.

Hedge Funds Weigh In On Bridgford Foods

An institutional investor 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 3rd quarter, according to the company in its most recent Form 13F 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 0.30% of Bridgford Foods at the end of the most recent quarter. 4.68% of the stock is currently owned by 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.