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

Shares of Bridgford Foods Corporation (NASDAQ:BRID) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.24 and traded as low as $6.22. Bridgford Foods shares last traded at $6.32, with a volume of 2,197 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Bridgford Foods in a research report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Bridgford Foods Price Performance

The company has a market capitalization of $58.29 million, a P/E ratio of -4.14 and a beta of -0.14. The company’s 50-day moving average price is $6.57 and its two-hundred day moving average price is $7.23. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.41 and a quick ratio of 0.96.

Bridgford Foods (NASDAQ:BRID) last issued its quarterly earnings data on Monday, June 1st. The company reported ($0.54) EPS for the quarter. The firm 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 Inflows and Outflows

An institutional investor recently raised its stake in Bridgford Foods stock. Private Management Group Inc. lifted its stake in shares of Bridgford Foods Corporation (NASDAQ:BRID) by 194.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 79,040 shares of the company’s stock after purchasing an additional 52,190 shares during the quarter. Private Management Group Inc. owned 0.87% of Bridgford Foods worth $617,000 as of its most recent filing with the Securities and Exchange Commission. 4.68% of the stock is currently owned by institutional investors and hedge funds.

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.