StockNews.com downgraded shares of Seneca Foods (NASDAQ:SENEA - Free Report) from a buy rating to a hold rating in a research note published on Tuesday morning.
Seneca Foods Price Performance
Shares of NASDAQ SENEA traded up $3.69 during trading on Tuesday, reaching $89.69. The company had a trading volume of 25,886 shares, compared to its average volume of 25,092. Seneca Foods has a 52 week low of $51.79 and a 52 week high of $92.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.36 and a current ratio of 3.38. The business's 50 day moving average price is $85.40 and its 200-day moving average price is $76.76. The stock has a market cap of $617.07 million, a PE ratio of 16.37 and a beta of 0.26.
Seneca Foods (NASDAQ:SENEA - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $3.29 earnings per share (EPS) for the quarter. Seneca Foods had a return on equity of 9.71% and a net margin of 2.49%.
Institutional Investors Weigh In On Seneca Foods
A number of institutional investors and hedge funds have recently modified their holdings of the business. Royce & Associates LP increased its stake in Seneca Foods by 17.4% in the fourth quarter. Royce & Associates LP now owns 300,363 shares of the company's stock valued at $23,807,000 after purchasing an additional 44,462 shares in the last quarter. Edge Capital Group LLC bought a new stake in shares of Seneca Foods in the 4th quarter valued at $5,919,000. Northern Trust Corp raised its stake in Seneca Foods by 11.1% during the 4th quarter. Northern Trust Corp now owns 70,134 shares of the company's stock worth $5,559,000 after buying an additional 7,020 shares during the period. Peapod Lane Capital LLC acquired a new stake in Seneca Foods during the 4th quarter worth $4,627,000. Finally, Bridgeway Capital Management LLC lifted its holdings in Seneca Foods by 25.6% during the fourth quarter. Bridgeway Capital Management LLC now owns 30,551 shares of the company's stock worth $2,421,000 after acquiring an additional 6,223 shares in the last quarter. 42.51% of the stock is owned by institutional investors.
About Seneca Foods
(
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Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. The company offers canned, frozen, and jarred 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.
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