Shares of Bridgford Foods Corporation (NASDAQ:BRID - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.01 and traded as low as $7.60. Bridgford Foods shares last traded at $7.60, with a volume of 3,153 shares trading hands.
Bridgford Foods Stock Down 3.6%
The firm has a market cap of $68.99 million, a price-to-earnings ratio of -9.27 and a beta of -0.24. The stock has a 50 day moving average of $7.86 and a 200 day moving average of $9.01.
Bridgford Foods (NASDAQ:BRID - Get Free Report) last announced its quarterly earnings results on Monday, June 2nd. The company reported ($0.43) earnings per share (EPS) for the quarter. The company had revenue of $50.64 million for the quarter. Bridgford Foods had a negative net margin of 3.29% and a negative return on equity of 5.86%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Northern Trust Corp boosted its holdings in Bridgford Foods by 28.6% in the fourth 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. Renaissance Technologies LLC bought a new position in shares of Bridgford Foods during the 4th quarter worth approximately $124,000. Finally, Nuveen LLC bought a new position in shares of Bridgford Foods in the 1st quarter worth $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.
Further Reading
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