Stock Rating Upgrade
In the last week 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
Bridgford Foods Corp (NASDAQ: BRID) stock closed at $9.22 on 9/27/24 after a slight decline of -0.9%. However, this decline was accompanied by exceptionally low trading volume at 31% of normal. The stock has declined -2.1% 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. The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Bridgford Foods has a neutral Appreciation Score of 54 and a slightly negative Power Rating of 33, producing the Low Neutral Value Trend Rating.
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