Bridgford Foods (NASDAQ:BRID) Share Price Passes Below 50 Day Moving Average - Here's What Happened

Key Points

• Bridgford's stock recently crossed below its 50-day moving average of $7.57, trading as low as $7.56 and last quoted at $7.61 on light volume (9,677 shares).
• Analyst sentiment is negative — Weiss Ratings reissued a “Sell (e+)” and the consensus on MarketBeat is an overall Sell.
• The company reported a loss of ($0.09) EPS on $55.31 million in revenue with a negative net margin (-5.6%) and ROE (-11.02%); market cap is about $69.1M, institutional ownership is low (4.68%) though Private Management Group recently bought ~26,850 shares (~$213k).

Bridgford Foods Corporation (NASDAQ:BRID - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $7.57 and traded as low as $7.56. Bridgford Foods shares last traded at $7.61, with a volume of 9,677 shares changing hands.

Wall Street Analysts Forecast Growth

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

Bridgford Foods Stock Performance

The business's 50 day simple moving average is $7.57 and its 200-day simple moving average is $7.75. The stock has a market capitalization of $69.08 million, a price-to-earnings ratio of -5.28 and a beta of -0.27.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Bridgford Foods stock. Private Management Group Inc. purchased a new position in Bridgford Foods Corporation (NASDAQ:BRID - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 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. 4.68% of the stock is owned by institutional investors.

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.

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