Bridgford Foods (NASDAQ:BRID) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Bridgford Foods Co. (NASDAQ:BRID) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $9.77 and traded as low as $7.97. Bridgford Foods shares last traded at $8.10, with a volume of 2,013 shares.

Bridgford Foods Trading Down 0.5 %

The company has a market cap of $73.52 million, a PE ratio of -21.89 and a beta of -0.76. The company has a current ratio of 4.74, a quick ratio of 2.71 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average of $10.05 and a two-hundred day moving average of $9.77.

Bridgford Foods (NASDAQ:BRID) last released its quarterly earnings data on Friday, March 7th. The company reported ($0.12) EPS for the quarter. The business had revenue of $52.55 million during the quarter. Bridgford Foods had a negative return on equity of 2.63% and a negative net margin of 1.51%.

Institutional Trading of Bridgford Foods

A number of hedge funds and other institutional investors have recently made changes to their positions in BRID. Renaissance Technologies LLC purchased a new stake in shares of Bridgford Foods in the fourth quarter worth about $124,000. Geode Capital Management LLC raised its holdings in shares of Bridgford Foods by 29.9% in the 3rd quarter. Geode Capital Management LLC now owns 24,150 shares of the company’s stock valued at $220,000 after acquiring an additional 5,558 shares in the last quarter. Factorial Partners LLC increased its position in shares of Bridgford Foods by 13.8% in the fourth quarter. Factorial Partners LLC now owns 25,017 shares of the company’s stock worth $263,000 after purchasing an additional 3,037 shares during the last quarter. Finally, Northern Trust Corp lifted its position 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 purchasing an additional 7,093 shares during the last quarter. 4.68% of the stock is currently owned by institutional investors.

About Bridgford Foods

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.