Bridgford Foods (NASDAQ:BRID) Share Price Passes Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Shares passed below its 200‑day moving average: Bridgford traded as low as $7.44 and last at $7.49, under the 200‑day MA of $7.78 on light volume (5,153 shares).
• Analyst sentiment is negative: Weiss Ratings reiterated a "sell (e+)" and MarketBeat shows a consensus rating of "Sell".
• Fundamentals look weak: Market cap about $68.0M, last quarter EPS was -$0.09 with a negative net margin (-5.6%) and negative ROE (-11.02%), and institutional ownership is low (~4.7%).

Bridgford Foods Corporation (NASDAQ:BRID - Get Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.78 and traded as low as $7.44. Bridgford Foods shares last traded at $7.49, with a volume of 5,153 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated 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 MarketBeat, the company has a consensus rating of "Sell".

Bridgford Foods Stock Performance

The company has a market cap of $68.01 million, a PE ratio of -5.20 and a beta of -0.25. The company's 50 day moving average price is $7.76 and its 200-day moving average price is $7.78.

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 net margin of 5.60% and a negative return on equity of 11.02%. 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. purchased a new stake in Bridgford Foods Corporation (NASDAQ:BRID - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 26,850 shares of the company's stock, valued at approximately $213,000. Private Management Group Inc. owned 0.30% of Bridgford Foods as of its most recent SEC filing. Institutional investors and hedge funds own 4.68% of the company's stock.

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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