Bridgford Foods Co. (NASDAQ:BRID - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $7.92 and traded as high as $8.09. Bridgford Foods shares last traded at $7.81, with a volume of 1,984 shares.
Bridgford Foods Trading Down 0.6%
The company has a 50 day simple moving average of $7.91 and a 200 day simple moving average of $9.35. The company has a market capitalization of $70.44 million, a PE ratio of -20.97 and a beta of -0.24. 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 Monday, June 2nd. The company reported ($0.43) EPS for the quarter. The firm had revenue of $50.64 million during the quarter. Bridgford Foods had a negative net margin of 1.51% and a negative return on equity of 2.63%.
Hedge Funds Weigh In On Bridgford Foods
Several hedge funds and other institutional investors have recently modified their holdings of BRID. Factorial Partners LLC raised its holdings in Bridgford Foods by 13.8% in the 4th quarter. Factorial Partners LLC now owns 25,017 shares of the company's stock valued at $263,000 after acquiring an additional 3,037 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Bridgford Foods in the fourth quarter valued at approximately $124,000. Northern Trust Corp increased its holdings in shares of 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 purchasing an additional 7,093 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Bridgford Foods in the first quarter valued at approximately $570,000. 4.68% of the stock is owned by hedge funds and other institutional investors.
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.
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