Bridgford Foods (NASDAQ:BRID) Share Price Crosses Below 200 Day Moving Average - What's Next?

Bridgford Foods Co. (NASDAQ:BRID - Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.58 and traded as low as $7.83. Bridgford Foods shares last traded at $8.03, with a volume of 1,406 shares traded.

Bridgford Foods Stock Performance

The stock has a 50-day moving average of $8.98 and a 200 day moving average of $9.57. The firm has a market capitalization of $73.75 million, a P/E ratio of -21.96 and a beta of -0.41. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.71 and a current ratio of 4.74.

Bridgford Foods (NASDAQ:BRID - Get Free Report) last posted its quarterly earnings data on Friday, March 7th. The company reported ($0.12) EPS for the quarter. Bridgford Foods had a negative return on equity of 2.63% and a negative net margin of 1.51%. The business had revenue of $52.55 million during the quarter.

Institutional Investors Weigh In On Bridgford Foods

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northern Trust Corp lifted its position in shares of Bridgford Foods by 28.6% during the fourth quarter. Northern Trust Corp now owns 31,913 shares of the company's stock worth $343,000 after purchasing an additional 7,093 shares in the last quarter. Factorial Partners LLC lifted its holdings in Bridgford Foods by 13.8% during the 4th quarter. Factorial Partners LLC now owns 25,017 shares of the company's stock worth $263,000 after buying an additional 3,037 shares in the last quarter. Geode Capital Management LLC boosted its position in Bridgford Foods by 29.9% in the 3rd quarter. Geode Capital Management LLC now owns 24,150 shares of the company's stock valued at $220,000 after buying an additional 5,558 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Bridgford Foods in the 4th quarter valued at $124,000. Institutional investors and hedge funds own 4.68% of the company's stock.

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.