Alert: Major Price Decline (10/17/19)-Bridgford Foods Corp (NASDAQ: BRID).

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On 10/17/19, Bridgford Foods Corp (NASDAQ: BRID) stock suffered a major decline of -11.7%, closing at $25.80. Moreover, trading volume in this decline was exceptionally high at 202% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -1.8% during the last week.

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Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, BRID is expected to continue to be a modest Value Builder.

Bridgford Foods has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Bridgford Foods has a poor Appreciation Score of 20 but a very high Power Rating of 95, leading to the High Neutral Value Trend Rating.

Rating Review

In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

About John Lafferty 52629 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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