Bridgford Foods (NASDAQ:BRID) Shares Cross Above 50-Day Moving Average - Here's What Happened

Key Points

• Bridgford Foods' stock price has recently surpassed its 50-day moving average of $7.75, reaching a high of $8.10 before closing at $7.95.
• The company reported a negative earnings per share of ($0.18) for the last quarter, with revenue of $51.95 million and a negative net margin of 3.19%.
• Nuveen LLC has acquired a new position in Bridgford Foods, purchasing 70,834 shares valued at approximately $570,000.

Bridgford Foods Corporation (NASDAQ:BRID - Get Free Report)'s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $7.75 and traded as high as $8.10. Bridgford Foods shares last traded at $7.95, with a volume of 4,148 shares.

Bridgford Foods Stock Down 0.7%

The stock has a market cap of $72.19 million, a P/E ratio of -9.94 and a beta of -0.26. The stock's fifty day moving average price is $7.75 and its 200 day moving average price is $7.94. The company has a current ratio of 3.54, a quick ratio of 1.48 and a debt-to-equity ratio of 0.01.

Bridgford Foods (NASDAQ:BRID - Get Free Report) last announced its quarterly earnings data on Friday, August 22nd. The company reported ($0.18) earnings per share (EPS) for the quarter. Bridgford Foods had a negative net margin of 3.19% and a negative return on equity of 5.81%. The business had revenue of $51.95 million during the quarter.

Institutional Investors Weigh In On Bridgford Foods

An institutional investor recently bought a new position in Bridgford Foods stock. Nuveen LLC acquired a new stake in Bridgford Foods Corporation (NASDAQ:BRID - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 70,834 shares of the company's stock, valued at approximately $570,000. Nuveen LLC owned approximately 0.78% of Bridgford Foods as of its most recent filing with the SEC. 4.68% of the stock is currently owned by institutional investors.

Bridgford Foods Company Profile

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.

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