Bridgford Foods (NASDAQ:BRID) Share Price Passes Above 50 Day Moving Average - Should You Sell?

Key Points

• Technical uptick: Bridgford Foods passed above its 50-day moving average ($7.52), trading as high as $7.58 on light volume (313 shares), a modest short-term technical move.
• Analyst sentiment is negative: The stock carries an average rating of "Sell" and Weiss Ratings recently reaffirmed a "sell (e+)" rating.
• Weak fundamentals and small market cap: The company reported a quarterly EPS of ($0.09) with negative ROE (11.02%) and net margin (-5.60%), a market cap of $68.8 million, low institutional ownership (4.68%) though Private Management Group added a ~0.30% stake.

Bridgford Foods Corporation (NASDAQ:BRID - Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $7.52 and traded as high as $7.58. Bridgford Foods shares last traded at $7.58, with a volume of 313 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Bridgford Foods in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of "Sell".

Bridgford Foods Price Performance

The firm has a market cap of $68.80 million, a price-to-earnings ratio of -5.26 and a beta of -0.27. The stock's fifty day moving average price is $7.52 and its 200-day moving average price is $7.73.

Bridgford Foods (NASDAQ:BRID - Get Free Report) last posted its quarterly earnings data on Friday, March 6th. The company reported ($0.09) EPS for the quarter. Bridgford Foods had a negative return on equity of 11.02% and a negative net margin of 5.60%.The firm had revenue of $55.31 million during the quarter.

Institutional Investors Weigh In On Bridgford Foods

A hedge fund recently bought a new stake in Bridgford Foods stock. Private Management Group Inc. bought a new stake in shares of Bridgford Foods Corporation (NASDAQ:BRID - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 26,850 shares of the company's stock, valued at approximately $213,000. Private Management Group Inc. owned approximately 0.30% of Bridgford Foods at the end of the most recent reporting period. 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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