Bridgford Foods Co. (NASDAQ:BRID - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.48 and traded as low as $7.87. Bridgford Foods shares last traded at $7.76, with a volume of 774 shares traded.
Bridgford Foods Stock Up 0.9%
The company has a debt-to-equity ratio of 0.01, a current ratio of 4.74 and a quick ratio of 2.71. The business has a 50 day simple moving average of $8.33 and a 200 day simple moving average of $9.46. The stock has a market cap of $70.98 million, a PE ratio of -21.13 and a beta of -0.27.
Bridgford Foods (NASDAQ:BRID - Get Free Report) last announced its quarterly earnings results on Friday, March 7th. The company reported ($0.12) EPS for the quarter. The firm had revenue of $52.55 million during the quarter. Bridgford Foods had a negative net margin of 1.51% and a negative return on equity of 2.63%.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. Factorial Partners LLC boosted its holdings in Bridgford Foods by 13.8% in the fourth quarter. Factorial Partners LLC now owns 25,017 shares of the company's stock worth $263,000 after purchasing an additional 3,037 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Bridgford Foods during the 4th quarter worth about $124,000. Northern Trust Corp increased its holdings in shares of Bridgford Foods by 28.6% during the 4th quarter. Northern Trust Corp now owns 31,913 shares of the company's stock valued at $343,000 after acquiring an additional 7,093 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Bridgford Foods in the 1st quarter valued at approximately $570,000. Institutional investors and hedge funds own 4.68% of the company's stock.
About Bridgford Foods
(
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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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