Stock Rating Upgrade
In recent days the Value Trend Rating for Bridgford Foods Corp (NASDAQ: BRID) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 9/13/24, Bridgford Foods Corp (NASDAQ: BRID) stock rose modestly by 0.3%, closing at $8.90. NORMAL trading volume accompanied the advance. The stock has declined -18.3% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns 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 C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Bridgford Foods has a neutral Appreciation Score of 55 and a slightly negative Power Rating of 34, and the Low Neutral Value Trend Rating results.
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