Bridgford Foods (NASDAQ:BRID) Share Price Crosses Below 200-Day Moving Average - Should You Sell?

Key Points

• Bridgford Foods (NASDAQ:BRID) shares fell below their 200-day moving average of $8.17, trading as low as $7.73 and closing at $8.00.
• The company reported a negative earnings per share (EPS) of ($0.18) for the last quarter, with a revenue of $51.95 million.
• Institutional investors own 4.68% of Bridgford Foods, with Nuveen LLC recently acquiring a stake of approximately $570,000.

Shares of Bridgford Foods Corporation (NASDAQ:BRID - Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.17 and traded as low as $7.73. Bridgford Foods shares last traded at $8.00, with a volume of 20,641 shares traded.

Bridgford Foods Price Performance

The company's 50-day moving average price is $7.68 and its 200-day moving average price is $8.10. 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 $72.50 million, a P/E ratio of -9.98 and a beta of -0.26.

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

Institutional Trading of Bridgford Foods

An institutional investor recently raised its position in Bridgford Foods stock. Northern Trust Corp raised its position in Bridgford Foods Corporation (NASDAQ:BRID - Free Report) by 28.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,913 shares of the company's stock after acquiring an additional 7,093 shares during the quarter. Northern Trust Corp owned approximately 0.35% of Bridgford Foods worth $343,000 at the end of the most recent reporting period. 4.68% of the stock is 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.