Bridgford Foods (NASDAQ:BRID) Stock Passes Below 200-Day Moving Average – Here’s Why

Bridgford Foods Co. (NASDAQ:BRID) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 changing hands.

Bridgford Foods Price Performance

The company’s 50-day moving average price is $9.05 and its two-hundred day moving average price is $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 quarterly earnings results on Friday, August 23rd. The company reported ($0.20) earnings per share (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%.

Hedge Funds Weigh In On Bridgford Foods

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