Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Bridgford Foods Corp (NASDAQ: BRID) weakened of late. BRID’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Bridgford Foods Corp (NASDAQ: BRID) stock closed at $10.74 on 12/15/23 after a large increase of 3.5%. Moreover, trading volume in this advance was exceptionally high at 218% of normal. The stock has risen 0.8% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
BRID’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Bridgford Foods has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Bridgford Foods has a very high Appreciation Score of 96 but a slightly negative Power Rating of 31, triggering the High Neutral Value Trend Rating.
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