Bridgford Foods (NASDAQ:BRID) Shares Pass 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.

Bridgford Foods Corporation (NASDAQ:BRID - Get Free Report) shares passed 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.

Bridgford Foods Stock Performance

The stock has a 50-day simple moving average of $7.68 and a 200 day simple moving average of $8.17. 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 capitalization of $72.59 million, a PE ratio of -9.99 and a beta of -0.26.

Bridgford Foods (NASDAQ:BRID - Get Free Report) last issued 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 company had revenue of $51.95 million during the quarter.

Institutional Trading of Bridgford Foods

A hedge fund recently bought a new stake in Bridgford Foods stock. Nuveen LLC acquired a new stake in Bridgford Foods Corporation (NASDAQ:BRID - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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 SEC filing. Hedge funds and other institutional investors own 4.68% of the company's stock.

About Bridgford Foods

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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