Seneca Foods (NASDAQ:SENEA) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Seneca Foods (NASDAQ:SENEA - Free Report) from a buy rating to a hold rating in a report published on Tuesday morning.

Seneca Foods Stock Performance

NASDAQ SENEA traded up $0.58 during trading hours on Tuesday, reaching $89.86. The stock had a trading volume of 16,667 shares, compared to its average volume of 25,056. 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 stock has a market cap of $618.24 million, a P/E ratio of 16.40 and a beta of 0.26. The stock has a fifty day moving average of $85.92 and a 200 day moving average of $77.29.

Seneca Foods (NASDAQ:SENEA - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $3.29 earnings per share (EPS) for the quarter. Seneca Foods had a net margin of 2.49% and a return on equity of 9.71%.

Institutional Investors Weigh In On Seneca Foods

Hedge funds have recently bought and sold shares of the stock. Barclays PLC boosted its holdings in Seneca Foods by 311.3% during the third quarter. Barclays PLC now owns 7,222 shares of the company's stock worth $450,000 after buying an additional 5,466 shares in the last quarter. Savant Capital LLC acquired a new position in Seneca Foods in the 4th quarter worth about $291,000. American Century Companies Inc. grew its holdings in Seneca Foods by 171.8% in the fourth quarter. American Century Companies Inc. now owns 27,124 shares of the company's stock valued at $2,150,000 after purchasing an additional 17,145 shares during the period. Edge Capital Group LLC purchased a new stake in shares of Seneca Foods in the fourth quarter valued at approximately $5,919,000. Finally, Empowered Funds LLC raised its stake in shares of Seneca Foods by 181.5% during the 4th quarter. Empowered Funds LLC now owns 9,651 shares of the company's stock worth $765,000 after buying an additional 6,223 shares during the period. Hedge funds and other institutional investors own 42.51% of the company's stock.

Seneca Foods Company Profile

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.