Bridgford Foods (NASDAQ:BRID) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

Shares of Bridgford Foods Co. (NASDAQ:BRID) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $9.71 and traded as high as $10.80. Bridgford Foods shares last traded at $10.80, with a volume of 632 shares traded.

Bridgford Foods Price Performance

The company has a current ratio of 4.28, a quick ratio of 2.49 and a debt-to-equity ratio of 0.02. The stock has a 50-day moving average price of $9.78 and a 200 day moving average price of $9.75. The stock has a market capitalization of $96.58 million, a price-to-earnings ratio of -96.72 and a beta of -0.65.

Institutional Investors Weigh In On Bridgford Foods

An institutional investor recently raised its position in Bridgford Foods stock. Geode Capital Management LLC raised its position in shares of Bridgford Foods Co. (NASDAQ:BRID) by 29.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,150 shares of the company’s stock after acquiring an additional 5,558 shares during the quarter. Geode Capital Management LLC’s holdings in Bridgford Foods were worth $220,000 as of its most recent SEC filing. 4.68% of the stock is 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.