Bridgford Foods (NASDAQ:BRID) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Bridgford Foods Corporation (NASDAQ:BRID)’s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $7.82 and traded as low as $7.32. Bridgford Foods shares last traded at $7.49, with a volume of 1,811 shares traded.

Analyst Ratings Changes

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

Bridgford Foods Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.24 and a current ratio of 2.98. The business’s 50-day moving average is $7.82 and its 200-day moving average is $7.80. The company has a market capitalization of $67.99 million, a PE ratio of -5.10 and a beta of -0.26.

Bridgford Foods (NASDAQ:BRID) last announced its quarterly earnings data on Wednesday, January 28th. The company reported ($0.74) earnings per share for the quarter. Bridgford Foods had a negative return on equity of 10.97% and a negative net margin of 5.78%.The business had revenue of $75.85 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 Bridgford Foods Corporation (NASDAQ:BRID) by 194.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,040 shares of the company’s stock after acquiring an additional 52,190 shares during the quarter. Private Management Group Inc. owned 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.

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.