Bridgford Foods (NASDAQ:BRID) Shares Cross Above 50-Day Moving Average - Time to Sell?

Key Points

• Bridgford Foods (NASDAQ:BRID) shares crossed above their 50-day moving average of $7.83, with the stock trading at $7.95 and a high of $8.18 during Friday's session.
• Weiss Ratings has reissued a "sell (e+)" rating for Bridgford Foods, as the stock currently holds an average rating of "Sell" from analysts.
• Nuveen LLC recently initiated a new position in Bridgford Foods, purchasing 70,834 shares valued at approximately $570,000, contributing to the 4.68% of shares held by institutional investors.

Bridgford Foods Corporation (NASDAQ:BRID - Get Free Report) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $7.83 and traded as high as $8.18. Bridgford Foods shares last traded at $7.95, with a volume of 7,604 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of Bridgford Foods in a research report on Friday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of "Sell".

Bridgford Foods Price Performance

The stock's 50-day moving average is $7.83 and its 200 day moving average is $7.82. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.54 and a quick ratio of 1.48. The company has a market cap of $72.16 million, a PE ratio of -9.94 and a beta of -0.21.

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

Institutional Inflows and Outflows

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.