Recent exceptional negative changes in investment behavior have affected Bridgford Foods Corp (NASDAQ: BRID): the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and negative upside/downside volume developed.
Bridgford Foods Corp (NASDAQ: BRID) suffers from slight negative changes in fundamentals: significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to fall short of the cost of capital, BRID is expected to be a modest Value Eraser.
Bridgford Foods has a current Value Trend Rating of D (Negative). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Bridgford Foods has a slightly negative Appreciation Score of 39 and a slightly negative Power Rating of 32, triggering the Negative Value Trend Rating.
Recent Price Action
On 4/16/24, Bridgford Foods Corp (NASDAQ: BRID) stock declined slightly by -0.3%, closing at $10.72. However, this decline was accompanied by exceptionally low trading volume at 21% of normal. The stock has declined -4.5% during the last week and has been weak relative to the market over the last nine months.
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