Bridgford Foods (NASDAQ:BRID) Shares Cross Above 50-Day Moving Average – Time to Sell?

Bridgford Foods Corporation (NASDAQ:BRID)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $7.83 and traded as high as $8.18. Bridgford Foods shares last traded at $7.95, with a volume of 7,604 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Bridgford Foods in a research note on Friday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Bridgford Foods Price Performance

The stock has a market cap of $72.16 million, a price-to-earnings ratio of -9.94 and a beta of -0.21. The stock’s 50 day moving average price is $7.83 and its two-hundred day moving average price is $7.82. The company has a quick ratio of 1.48, a current ratio of 3.54 and a debt-to-equity ratio of 0.01.

Bridgford Foods (NASDAQ:BRID) last released its quarterly earnings data on Friday, August 22nd. The company reported ($0.18) earnings per share for the quarter. The business had revenue of $51.95 million during the quarter. Bridgford Foods had a negative return on equity of 5.81% and a negative net margin of 3.19%.

Institutional Trading of Bridgford Foods

An institutional investor recently bought a new position in Bridgford Foods stock. Nuveen LLC purchased a new stake in shares of Bridgford Foods Corporation (NASDAQ:BRID) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 70,834 shares of the company’s stock, valued at approximately $570,000. Nuveen LLC owned 0.78% of Bridgford Foods as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 4.68% of the company’s stock.

Bridgford Foods Company Profile

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.