Bridgford Foods (NASDAQ:BRID) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of Bridgford Foods Co. (NASDAQ:BRID) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.80 and traded as low as $8.61. Bridgford Foods shares last traded at $8.61, with a volume of 11,094 shares.

Bridgford Foods Price Performance

The stock has a 50 day moving average price of $9.05 and a two-hundred day moving average price of $9.79. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.49 and a current ratio of 4.28.

Bridgford Foods (NASDAQ:BRID) last posted its earnings results on Friday, August 23rd. The company reported ($0.20) EPS for the quarter. The business had revenue of $49.26 million during the quarter. Bridgford Foods had a negative return on equity of 0.79% and a negative net margin of 0.44%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Bridgford Foods stock. Factorial Partners LLC purchased a new stake in shares of Bridgford Foods Co. (NASDAQ:BRID) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 21,980 shares of the company’s stock, valued at approximately $200,000. 4.68% of the stock is currently owned by institutional investors and hedge funds.

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.