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Bridgford Foods Corp manufactures, markets, and distributes frozen and snack food products in the United States. The business segments are processing and distribution of frozen products, and processing and distribution of snack food products. It includes products such as biscuits, bread dough items, roll dough items, dry sausage products, and beef jerky. The company offers frozen food products to the foodservice and retail customers through wholesalers, cooperatives, and distributors; and snack food items to supermarkets, and mass merchandise and convenience retail stores through customer-owned distribution centers, as well as a direct store delivery network. It derives a majority of its revenue from snack food products.
Bridgford Foods trades on the NASDAQ stock market under the symbol BRID.
As of March 28, 2024, BRID stock price was flat at $11.26 with 276 million shares trading.
BRID has a market cap of $102.16 million. This is considered a Micro Cap stock.
In the last 3 years, BRID stock traded as high as $21.80 and as low as $10.03.
The top ETF exchange traded funds that BRID belongs to (by Net Assets): VTI, DFAS, VXF, IWC, ONEQ.
BRID has underperformed the market in the last year with a return of -19.5%, while the SPY ETF gained +33.6%. In the last 3 month period, BRID fell short of the market, returning +3.3%, while SPY returned +10.1%. However, in the most recent 2 weeks BRID has outperformed the stock market by returning +6.5%, while SPY returned +1.7%.
BRID support price is $10.99 and resistance is $11.52 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BRID stock will trade within this expected range on the day.