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

Bridgford Foods Corporation (NASDAQ:BRID)’s stock price 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.

Bridgford Foods Trading Up 1.3%

The company has a market cap of $73.09 million, a P/E ratio of -10.06 and a beta of -0.26. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.48 and a current ratio of 3.54. The business has a fifty day simple moving average of $7.69 and a 200 day simple moving average of $8.06.

Bridgford Foods (NASDAQ:BRID) last posted its earnings results on Friday, August 22nd. The company reported ($0.18) EPS for the quarter. The business had revenue of $51.95 million during the quarter. Bridgford Foods had a negative net margin of 3.19% and a negative return on equity of 5.81%.

Hedge Funds Weigh In On Bridgford Foods

A hedge fund recently raised its stake in Bridgford Foods stock. Northern Trust Corp grew its stake in Bridgford Foods Corporation (NASDAQ:BRID) by 28.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,913 shares of the company’s stock after purchasing an additional 7,093 shares during the period. Northern Trust Corp owned approximately 0.35% of Bridgford Foods worth $343,000 as of its most recent filing with the Securities and Exchange Commission. 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.