Shares of Bridgford Foods Corporation (Nasdaq:BRID) have taken a tremendous swing upward. The stock is trading at $9.28 as of 3:56 p.m. ET, 23% above Thursday's closing price of $7.54. Volume is at 14,448, three times the daily average of 4,800.
NEW YORK ( TheStreet) -- Shares of Bridgford Foods Corporation (Nasdaq: BRID) have taken a tremendous swing upward. The stock is trading at $9.28 as of 3:56 p.m. ET, 23% above Thursday's closing price of $7.54. Volume is at 14,448, three times the daily average of 4,800. Bridgford has a market cap of $68.4 million and is part of the consumer goods sector and food & beverage industry. Shares are down 47.1% year to date as of the close of trading on Thursday. Bridgford Foods Corporation, together with its subsidiaries, engages in the manufacture, marketing, and distribution of frozen, refrigerated, and snack food products in the United States and Canada. The company has a P/E ratio of 33.5, equal to the average food & beverage industry P/E ratio and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Bridgford as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. You can view the full Bridgford Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.