Bridgford Foods (NASDAQ:BRID) Shares Cross Above Fifty Day Moving Average of $10.81

Bridgford Foods Co. (NASDAQ:BRID)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $10.81 and traded as high as $11.26. Bridgford Foods shares last traded at $11.22, with a volume of 641 shares traded.

Bridgford Foods Price Performance

The stock has a market capitalization of $101.88 million, a P/E ratio of 26.09 and a beta of -0.60. The company has a current ratio of 4.71, a quick ratio of 2.56 and a debt-to-equity ratio of 0.02. The company has a fifty day simple moving average of $10.81 and a two-hundred day simple moving average of $10.83.

Bridgford Foods (NASDAQ:BRID) last announced its quarterly earnings data on Friday, March 8th. The company reported $0.14 earnings per share for the quarter. The firm had revenue of $54.84 million during the quarter. Bridgford Foods had a return on equity of 2.93% and a net margin of 1.54%.

Institutional Trading of Bridgford Foods

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in shares of Bridgford Foods by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 182,721 shares of the company’s stock valued at $2,540,000 after acquiring an additional 1,535 shares during the period. Northern Trust Corp raised its position in shares of Bridgford Foods by 10.9% in the 2nd quarter. Northern Trust Corp now owns 18,764 shares of the company’s stock valued at $216,000 after acquiring an additional 1,847 shares during the period. Vanguard Group Inc. raised its position in shares of Bridgford Foods by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 47,964 shares of the company’s stock valued at $526,000 after acquiring an additional 2,111 shares during the period. Finally, Neuberger Berman Group LLC raised its position in shares of Bridgford Foods by 4.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 111,938 shares of the company’s stock valued at $1,584,000 after acquiring an additional 4,569 shares during the period. 4.68% of the stock is owned by institutional investors.

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.