Bridgford Foods (NASDAQ:BRID) Share Price Crosses Below 200-Day Moving Average - Here's What Happened

Key Points

• Bridgford Foods shares fell below their 200-day moving average of $7.24, trading as low as $6.22 and closing near $6.32 on volume of 2,197 shares.
• Analyst sentiment remains negative: Weiss Ratings reaffirmed a “sell (e+)” rating, and MarketBeat data shows the stock’s average rating is “Sell.”
• The company reported a quarterly loss of $0.54 per share on $50.04 million in revenue, alongside a negative net margin of 6.07% and negative return on equity of 12.27%.

Bridgford Foods Corporation (NASDAQ:BRID - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.24 and traded as low as $6.22. Bridgford Foods shares last traded at $6.32, with a volume of 2,197 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Bridgford Foods in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of "Sell".

Bridgford Foods Price 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's fifty day simple moving average is $6.60 and its two-hundred day simple moving average is $7.24. The stock has a market capitalization of $57.39 million, a PE ratio of -4.08 and a beta of -0.14.

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

Institutional Inflows and Outflows

A hedge fund recently raised its position in Bridgford Foods stock. Private Management Group Inc. raised its stake in shares of Bridgford Foods Corporation (NASDAQ:BRID - Free Report) by 194.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 79,040 shares of the company's stock after buying an additional 52,190 shares during the quarter. Private Management Group Inc. owned about 0.87% of Bridgford Foods worth $617,000 at the end of the most recent reporting period. Hedge funds and other institutional investors 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.

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