Shares of Bridgford Foods Corporation (NASDAQ:BRID - Get Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $7.89 and traded as high as $7.93. Bridgford Foods shares last traded at $7.89, with a volume of 764 shares trading hands.
Bridgford Foods Trading Down 0.5%
The stock has a fifty day moving average of $7.89 and a two-hundred day moving average of $9.14. The stock has a market capitalization of $71.64 million, a price-to-earnings ratio of -9.62 and a beta of -0.24.
Bridgford Foods (NASDAQ:BRID - Get Free Report) last announced its earnings results on Monday, June 2nd. The company reported ($0.43) EPS for the quarter. Bridgford Foods had a negative return on equity of 5.86% and a negative net margin of 3.29%. The business had revenue of $50.64 million for the quarter.
Institutional Investors Weigh In On Bridgford Foods
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BRID. Nuveen LLC bought a new position in Bridgford Foods in the 1st quarter valued at $570,000. Northern Trust Corp boosted its holdings in Bridgford Foods by 28.6% in the fourth quarter. Northern Trust Corp now owns 31,913 shares of the company's stock valued at $343,000 after acquiring an additional 7,093 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in Bridgford Foods in the fourth quarter valued at about $124,000. Institutional investors and hedge funds own 4.68% of the company's stock.
Bridgford Foods Company Profile
(
Get Free Report)
Bridgford Foods Corporation, together with its subsidiaries, manufactures, markets, and distributes frozen and snack food products in the United States. It operates in two segments, Frozen Food Products and Snack Food Products. The company offers biscuits, bread dough items, roll dough items, and dry sausage and beef jerky products, as well as ready to eat sandwiches and non-refrigerated snack food products.
Further Reading
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