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

Bridgford Foods Co. (NASDAQ:BRID)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.13 and traded as low as $8.98. Bridgford Foods shares last traded at $8.98, with a volume of 365 shares changing hands.

Bridgford Foods Price Performance

The stock has a market capitalization of $81.51 million, a price-to-earnings ratio of 52.82 and a beta of -0.63. 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 company’s 50 day moving average is $9.82 and its 200 day moving average is $10.11.

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

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.