Bridgford Foods Corp (NASDAQ: BRID) stock closed at $12.35 on 8/28/24 after a major increase of 14.6%. Moreover, this advance was accompanied by exceptionally high trading volume at 1156% of normal. Relative to the market the stock has been weak over the last nine months but has risen 13.5% during the last week.
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 D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Bridgford Foods has a neutral Appreciation Score of 46 but a poor Power Rating of 22, and the Negative Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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