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

Bridgford Foods Corporation (NASDAQ:BRID - Get Free Report)'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.Get Bridgford Foods alerts: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 - Get Free Report) 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 FoodsA hedge fund recently raised its stake in Bridgford Foods stock. Northern Trust Corp grew its stake in Bridgford Foods Corporation (NASDAQ:BRID - Free Report) 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 (Get Free Report)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.See AlsoFive stocks we like better than Bridgford Foods3 Ways To Invest In Coffee, Other Than Drinking ItTesla: 2 Reasons to Love Musk's $1B Buy, 1 Reason to Be BearishWhat Are Growth Stocks and Investing in Them Azure Leads While AI Excitement Fuels Microsoft StockMost active stocks: Dollar volume vs share volumeDarden Restaurants: A Textbook Buy-the-Dip OpportunityThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Bridgford Foods Right Now?Before you consider Bridgford Foods, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bridgford Foods wasn't on the list.While Bridgford Foods currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here