Bridgford Foods (NASDAQ:BRID) Stock Passes Below Two Hundred Day Moving Average - Here's Why
Bridgford Foods (NASDAQ:BRID) stock fell below its 200-day moving average, trading as low as $7.76. The stock has a consensus 'Sell' rating from analysts, with Weiss Ratings reaffirming a 'sell (e+)' rating. The company's market cap is $70.12 million, with a P/E ratio of -9.66. Institutional investors own 4.68% of the stock. Private Management Group Inc. recently acquired 26,850 shares. Bridgford Foods manufactures and distributes frozen and snack food products in the U.S.
Bridgford Foods Corporation (NASDAQ:BRID - Get Free Report)'s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.78 and traded as low as $7.76. Bridgford Foods shares last traded at $7.7250, with a volume of 639 shares.
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Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Bridgford Foods in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Bridgford Foods has a consensus rating of "Sell".
Read Our Latest Report on Bridgford Foods
Bridgford Foods Stock Performance
The firm's 50 day simple moving average is $7.79 and its 200 day simple moving average is $7.78. The firm has a market capitalization of $70.12 million, a price-to-earnings ratio of -9.66 and a beta of -0.25. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.48 and a current ratio of 3.54.
Institutional Investors Weigh In On Bridgford Foods
An institutional investor recently bought a new position in Bridgford Foods stock. Private Management Group Inc. acquired a new stake in Bridgford Foods Corporation (NASDAQ:BRID - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 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 SEC filing. Hedge funds and other institutional investors own 4.68% of the company's stock.
Bridgford Foods Company Profile
(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.
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