Bridgford Foods (NASDAQ:BRID) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Shares of Bridgford Foods Corporation (NASDAQ:BRID) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.18 and traded as low as $6.08. Bridgford Foods shares last traded at $6.23, with a volume of 4,861 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Bridgford Foods in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, 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 0.96 and a current ratio of 2.41. The company has a 50 day moving average price of $6.47 and a 200 day moving average price of $7.17. The company has a market capitalization of $57.02 million, a price-to-earnings ratio of -4.05 and a beta of -0.14.

Bridgford Foods (NASDAQ:BRID) last posted its quarterly earnings results on Monday, June 1st. The company reported ($0.54) earnings per share for the quarter. The firm had revenue of $50.04 million for the quarter. Bridgford Foods had a negative return on equity of 12.27% and a negative net margin of 6.07%.

Hedge Funds Weigh In On Bridgford Foods

A number of institutional investors have recently modified their holdings of BRID. Private Management Group Inc. acquired a new stake in Bridgford Foods in the 3rd quarter valued at $213,000. BlackRock Inc. acquired a new position in Bridgford Foods during the second quarter worth $31,000. Finally, Susquehanna International Group LLP acquired a new position in Bridgford Foods during the second quarter worth $68,000. 4.68% of the stock is 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.