Bridgford Foods (NASDAQ:BRID) Stock Passes Below 200 Day Moving Average – Here’s Why

Bridgford Foods Corporation (NASDAQ:BRID) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.79 and traded as low as $7.64. Bridgford Foods shares last traded at $7.64, with a volume of 1,049 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Bridgford Foods in a report on Wednesday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Bridgford Foods Price Performance

The company has a current ratio of 3.54, a quick ratio of 1.48 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average price is $7.85 and its two-hundred day moving average price is $7.79. The company has a market cap of $69.37 million, a P/E ratio of -9.55 and a beta of -0.25.

Institutional Investors Weigh In On Bridgford Foods

An institutional investor recently bought a new position in Bridgford Foods stock. Private Management Group Inc. bought a new position in Bridgford Foods Corporation (NASDAQ:BRID) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 26,850 shares of the company’s stock, valued at approximately $213,000. Private Management Group Inc. owned 0.30% of Bridgford Foods at the end of the most recent reporting period. 4.68% of the stock is currently owned by institutional investors.

Bridgford Foods Company Profile

Bridgford Foods Corporation is a U.S.-based producer and distributor of specialty baked goods and snack products. The company manufactures a range of ready-to-heat and shelf-stable items, including sandwich rolls, hot dog buns, bagels, English muffins, pizza crusts, tortillas and flatbreads. In addition to its branded offerings, Bridgford Foods provides private-label manufacturing for foodservice operators, retail grocers and specialty distributors, positioning itself as a versatile supplier in both consumer and commercial channels.

Operating through distinct Retail and Foodservice segments, Bridgford Foods serves national grocery chains, club stores, convenience markets and institutional customers.