Extremely significant negative changes in Bridgford Foods Corp (NASDAQ: BRID) investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and its longer term price trend turned down.
Recent marginal negative changes in fundamentals have affected Bridgford Foods Corp (NASDAQ: BRID): 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
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). 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 56 and a slightly negative Power Rating of 35, with the Negative Value Trend Rating the result.
Recent Price Action
On 9/12/24, Bridgford Foods Corp (NASDAQ: BRID) stock enjoyed a large increase of 2.2%, closing at $8.87. However, exceptionally low trading volume at 28% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months and has declined -24.7% during the last week.
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