Bridgford Foods (NASDAQ:BRID) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Bridgford Foods Corporation (NASDAQ:BRID) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.78 and traded as low as $7.44. Bridgford Foods shares last traded at $7.49, with a volume of 5,153 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Bridgford Foods in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Bridgford Foods currently has a consensus rating of “Sell”.

Bridgford Foods Trading Up 0.1%

The business has a 50 day simple moving average of $7.75 and a two-hundred day simple moving average of $7.78. The stock has a market cap of $68.08 million, a price-to-earnings ratio of -5.21 and a beta of -0.25.

Bridgford Foods (NASDAQ:BRID) last announced its earnings results on Friday, March 6th. The company reported ($0.09) earnings per share (EPS) for the quarter. Bridgford Foods had a negative net margin of 5.60% and a negative return on equity of 11.02%. The business had revenue of $55.31 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Bridgford Foods stock. Private Management Group Inc. grew its stake in shares of Bridgford Foods Corporation (NASDAQ:BRID) by 194.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,040 shares of the company’s stock after acquiring 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 quarter. 4.68% of the stock is 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.