Bridgford Foods (NASDAQ:BRID) Shares Pass Above 50-Day Moving Average - What's Next?

Bridgford Foods Corporation (NASDAQ:BRID - Get Free Report)'s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $7.76 and traded as high as $7.81. Bridgford Foods shares last traded at $7.64, with a volume of 2,713 shares traded.Get Bridgford Foods alerts:Bridgford Foods Price PerformanceThe stock has a fifty day moving average price of $7.76 and a 200 day moving average price of $8.53. The stock has a market capitalization of $69.33 million, a P/E ratio of -9.31 and a beta of -0.24. Bridgford Foods (NASDAQ:BRID - Get Free Report) last posted its quarterly earnings results on Monday, June 2nd. The company reported ($0.43) EPS for the quarter. Bridgford Foods had a negative return on equity of 5.86% and a negative net margin of 3.29%. The company had revenue of $50.64 million during the quarter. Institutional Investors Weigh In On Bridgford FoodsLarge investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC bought a new stake in Bridgford Foods during the fourth quarter valued at $124,000. Northern Trust Corp boosted its stake in Bridgford Foods by 28.6% during the fourth quarter. Northern Trust Corp now owns 31,913 shares of the company's stock valued at $343,000 after buying an additional 7,093 shares during the period. Finally, Nuveen LLC bought a new stake in Bridgford Foods during the first quarter valued at $570,000. 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.Recommended StoriesFive stocks we like better than Bridgford FoodsHow to trade using analyst ratingsHow Did Peter Thiel-Backed Crypto Exchange Bullish's IPO Go?Special Purpose Acquisition Company (SPAC) What You Need to Know Mercury Systems Up 27%: Financials Send Investors a Clear SignalHow to Invest in the Best Canadian Stocks Deere’s Sell-Off Could Be a Long-Term Buying ChanceThis 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