Bridgford Foods (NASDAQ:BRID) Shares Cross Above 50 Day Moving Average – Here’s Why

Shares of Bridgford Foods Co. (NASDAQ:BRID) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty 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.

Bridgford Foods Stock Performance

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

Institutional Investors Weigh In On Bridgford Foods

An institutional investor recently bought a new position in Bridgford Foods stock. Factorial Partners LLC bought a new stake in shares of Bridgford Foods Co. (NASDAQ:BRID) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 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.

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.