Shares of Bridgford Foods Co. (NASDAQ:BRID - Get Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.39 and traded as low as $7.69. Bridgford Foods shares last traded at $7.87, with a volume of 3,196 shares traded.
Bridgford Foods Trading Up 1.9%
The firm has a market capitalization of $71.66 million, a price-to-earnings ratio of -21.34 and a beta of -0.27. The business's fifty day moving average is $7.94 and its 200 day moving average is $9.38. The company has a quick ratio of 2.71, a current ratio of 4.74 and a debt-to-equity ratio of 0.01.
Bridgford Foods (NASDAQ:BRID - Get Free Report) last released its earnings results on Monday, June 2nd. The company reported ($0.43) earnings per share (EPS) for the quarter. The firm had revenue of $50.64 million for the quarter. Bridgford Foods had a negative return on equity of 2.63% and a negative net margin of 1.51%.
Institutional Trading of Bridgford Foods
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Northern Trust Corp boosted its holdings in 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 during the last quarter. Renaissance Technologies LLC bought a new stake in Bridgford Foods during the 4th quarter worth about $124,000. Factorial Partners LLC lifted its position 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. Finally, Nuveen LLC acquired a new position in shares of Bridgford Foods during the 1st quarter worth about $570,000. 4.68% of the stock is currently owned by institutional investors and hedge funds.
Bridgford Foods Company Profile
(
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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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