Seneca Foods (NASDAQ:SENEA) Shares Pass Above Two Hundred Day Moving Average of $52.47

Seneca Foods Co. (NASDAQ:SENEA - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $52.47 and traded as high as $56.61. Seneca Foods shares last traded at $56.44, with a volume of 30,275 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Seneca Foods from a "hold" rating to a "sell" rating in a research note on Wednesday, February 28th.

Seneca Foods Stock Performance

The stock has a fifty day simple moving average of $52.02 and a two-hundred day simple moving average of $52.47. The stock has a market cap of $404.20 million, a price-to-earnings ratio of 7.62 and a beta of 0.34. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.49 and a current ratio of 4.81.

Seneca Foods (NASDAQ:SENEA - Get Free Report) last issued its earnings results on Thursday, February 8th. The company reported $3.70 earnings per share for the quarter. Seneca Foods had a return on equity of 14.48% and a net margin of 3.81%. The firm had revenue of $444.48 million for the quarter.

Insider Activity at Seneca Foods

In related news, CFO Michael S. Wolcott bought 1,898 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was acquired at an average cost of $45.05 per share, with a total value of $85,504.90. Following the transaction, the chief financial officer now directly owns 15,198 shares in the company, valued at $684,669.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.24% of the stock is currently owned by company insiders.

Institutional Trading of Seneca Foods

Large investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new position in shares of Seneca Foods in the 4th quarter worth approximately $43,000. Guardian Wealth Management Inc. purchased a new position in shares of Seneca Foods in the 3rd quarter worth approximately $66,000. FMR LLC boosted its stake in shares of Seneca Foods by 72.2% in the 3rd quarter. FMR LLC now owns 1,288 shares of the company's stock worth $69,000 after buying an additional 540 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of Seneca Foods in the 3rd quarter worth approximately $78,000. Finally, Deutsche Bank AG raised its holdings in shares of Seneca Foods by 1,937.6% in the 3rd quarter. Deutsche Bank AG now owns 1,895 shares of the company's stock worth $102,000 after purchasing an additional 1,802 shares during the period. 42.51% of the stock is currently owned by institutional investors and hedge funds.

Seneca Foods Company Profile

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. It operates through three segments: Fruits and Vegetables, Prepared Food Products, and Snack Products. The company offers canned, frozen, and bottled produce; jarred fruit; and snack chips and other food products under the private label, as well as under various national and regional brands that the company owns or licenses, including Seneca, Libby's, Aunt Nellie's, Cherryman, Green Valley, and READ.