Bridgford Foods (NASDAQ:BRID) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Bridgford Foods Co. (NASDAQ:BRID) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.77 and traded as low as $7.97. Bridgford Foods shares last traded at $8.10, with a volume of 2,013 shares.

Bridgford Foods Trading Down 0.5 %

The firm has a market cap of $73.52 million, a P/E ratio of -21.89 and a beta of -0.76. The firm has a fifty day simple moving average of $10.05 and a 200-day simple moving average of $9.77. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.74 and a quick ratio of 2.71.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Renaissance Technologies LLC bought a new position in Bridgford Foods during the 4th quarter valued at $124,000. Geode Capital Management LLC boosted its position in Bridgford Foods by 29.9% in the third quarter. Geode Capital Management LLC now owns 24,150 shares of the company’s stock worth $220,000 after purchasing an additional 5,558 shares during the last quarter. Factorial Partners LLC raised its stake in shares of 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 purchasing an additional 3,037 shares during the period. Finally, Northern Trust Corp increased 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 buying an additional 7,093 shares during the last quarter. Institutional investors own 4.68% of the company’s stock.

About Bridgford Foods

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.