Bridgford Foods (NASDAQ:BRID) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Bridgford Foods Corporation (NASDAQ:BRID) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.32 and traded as low as $6.20. Bridgford Foods shares last traded at $6.20, with a volume of 7,566 shares trading hands.

Analysts Set New Price Targets

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

Bridgford Foods Stock Performance

The company has a market capitalization of $57.11 million, a PE ratio of -4.06 and a beta of -0.14. The business’s 50-day moving average is $6.69 and its 200-day moving average is $7.29. 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 announced its quarterly earnings data on Monday, June 1st. The company reported ($0.54) earnings per share for the quarter. Bridgford Foods had a negative return on equity of 12.27% and a negative net margin of 6.07%.The business had revenue of $50.04 million during the quarter.

Institutional Trading of Bridgford Foods

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

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.