Bridgford Foods (NASDAQ:BRID) Share Price Passes Above 50 Day Moving Average – Here’s Why

Bridgford Foods Corporation (NASDAQ:BRID)’s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $7.68 and traded as high as $8.31. Bridgford Foods shares last traded at $7.57, with a volume of 10,718 shares.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Bridgford Foods in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Bridgford Foods Stock Down 4.8%

The stock has a market capitalization of $68.74 million, a PE ratio of -5.26 and a beta of -0.25. The firm has a 50 day moving average price of $7.68 and a 200-day moving average price of $7.78.

Bridgford Foods (NASDAQ:BRID) last issued its quarterly earnings results on Friday, March 6th. The company reported ($0.09) earnings per share for the quarter. Bridgford Foods had a negative return on equity of 11.02% and a negative net margin of 5.60%.The business had revenue of $55.31 million during the quarter.

Institutional Inflows and Outflows

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