Bridgford Foods (NASDAQ:BRID) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Bridgford Foods Corporation (NASDAQ:BRID)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.79 and traded as low as $7.00. Bridgford Foods shares last traded at $7.22, with a volume of 5,959 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Bridgford Foods in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Bridgford Foods Trading Down 0.6%

The company has a quick ratio of 1.24, a current ratio of 2.98 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average is $7.80 and its 200-day moving average is $7.79. The stock has a market capitalization of $65.56 million, a price-to-earnings ratio of -4.91 and a beta of -0.25.

Bridgford Foods (NASDAQ:BRID) last posted its quarterly earnings results on Wednesday, January 28th. The company reported ($0.74) earnings per share for the quarter. The firm had revenue of $75.85 million during the quarter. Bridgford Foods had a negative net margin of 5.78% and a negative return on equity of 10.97%.

Institutional Investors Weigh In On Bridgford Foods

An institutional investor recently bought a new position in Bridgford Foods stock. Private Management Group Inc. purchased a new stake in Bridgford Foods Corporation (NASDAQ:BRID) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 26,850 shares of the company’s stock, valued at approximately $213,000. Private Management Group Inc. owned about 0.30% of Bridgford Foods as of its most recent SEC filing. Institutional investors own 4.68% of the company’s stock.

About Bridgford Foods

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.