Bridgford Foods (NASDAQ:BRID) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Bridgford Foods Corporation (NASDAQ:BRID) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $7.87 and traded as high as $8.04. Bridgford Foods shares last traded at $7.7050, with a volume of 956 shares trading hands.

Analyst Upgrades and Downgrades

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

Bridgford Foods Stock Performance

The stock’s 50 day moving average is $7.87 and its two-hundred day moving average is $7.80. The stock has a market capitalization of $69.96 million, a price-to-earnings ratio of -5.24 and a beta of -0.26. The company has a current ratio of 2.98, a quick ratio of 1.24 and a debt-to-equity ratio of 0.01.

Bridgford Foods (NASDAQ:BRID) last released its quarterly earnings results on Wednesday, January 28th. The company reported ($0.74) earnings per share (EPS) for the quarter. The firm had revenue of $75.85 million during the quarter. Bridgford Foods had a negative net margin of 5.78% and a negative return on equity of 10.97%.

Hedge Funds Weigh In On Bridgford Foods

An institutional investor recently bought a new position in Bridgford Foods stock. Private Management Group Inc. purchased a new position in shares of Bridgford Foods Corporation (NASDAQ:BRID) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 26,850 shares of the company’s stock, valued at approximately $213,000. Private Management Group Inc. owned approximately 0.30% of Bridgford Foods as of its most recent SEC filing. 4.68% of the stock is owned by hedge funds and other 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.