Bridgford Foods (NASDAQ:BRID) Share Price Passes Below 200-Day Moving Average - Time to Sell?

Key Points

• Bridgford Foods' stock price recently dropped below its 200-day moving average of $8.06, trading as low as $7.91.
• The company reported a negative EPS of ($0.18) for the last quarter, with a revenue of $51.95 million and a negative net margin of 3.19%.
• A hedge fund, Northern Trust Corp, increased its stake in Bridgford Foods by 28.6% in the last quarter, owning approximately 0.35% of the company post-purchase.

Bridgford Foods Corporation (NASDAQ:BRID - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.06 and traded as low as $7.91. Bridgford Foods shares last traded at $8.05, with a volume of 5,260 shares traded.

Bridgford Foods Stock Up 2.1%

The company has a 50 day simple moving average of $7.70 and a two-hundred day simple moving average of $8.02. The company has a quick ratio of 1.48, a current ratio of 3.54 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $73.68 million, a P/E ratio of -10.14 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 for the quarter. Bridgford Foods had a negative return on equity of 5.81% and a negative net margin of 3.19%.The company had revenue of $51.95 million for the quarter.

Institutional Inflows and Outflows

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