Bridgford Foods Corporation (NASDAQ:BRID - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.18 and traded as low as $6.08. Bridgford Foods shares last traded at $6.23, with a volume of 4,861 shares trading hands.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of Bridgford Foods in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of "Sell".
Read Our Latest Research Report on Bridgford Foods
Bridgford Foods Stock Performance
The company has a debt-to-equity ratio of 0.01, a current ratio of 2.41 and a quick ratio of 0.96. The business has a 50-day simple moving average of $6.49 and a 200 day simple moving average of $7.18. The firm has a market cap of $56.57 million, a PE ratio of -4.02 and a beta of -0.14.
Bridgford Foods (NASDAQ:BRID - Get Free Report) last posted its quarterly earnings data on Monday, June 1st. The company reported ($0.54) earnings per share for the quarter. Bridgford Foods had a negative net margin of 6.07% and a negative return on equity of 12.27%. The company had revenue of $50.04 million for the quarter.
Institutional Trading of Bridgford Foods
Several institutional investors and hedge funds have recently modified their holdings of BRID. Private Management Group Inc. raised its holdings in Bridgford Foods by 194.4% during the fourth quarter. Private Management Group Inc. now owns 79,040 shares of the company's stock valued at $617,000 after acquiring an additional 52,190 shares during the period. Susquehanna International Group LLP bought a new position in shares of Bridgford Foods in the second quarter worth about $68,000. Finally, BlackRock Inc. bought a new position in shares of Bridgford Foods in the second quarter worth about $31,000. 4.68% of the stock is currently owned by institutional investors.
Bridgford Foods Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Bridgford Foods, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bridgford Foods wasn't on the list.
While Bridgford Foods currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
