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

Bridgford Foods Corporation (NASDAQ:BRID) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 traded.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Bridgford Foods in a research report on Friday, July 17th. One investment 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 Trading Down 2.1%

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 stock has a market capitalization of $56.30 million, a P/E ratio of -4.00 and a beta of -0.14. The stock has a 50-day moving average price of $6.75 and a two-hundred day moving average price of $7.32.

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

Institutional Inflows and Outflows

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