Seneca Foods (NASDAQ:SENEA) Sets New 52-Week High - Should You Buy?

Seneca Foods Co. (NASDAQ:SENEA - Get Free Report)'s share price hit a new 52-week high on Monday . The company traded as high as $94.86 and last traded at $93.85, with a volume of 16232 shares changing hands. The stock had previously closed at $93.71.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Seneca Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, April 29th.

Seneca Foods Trading Down 2.6%

The company has a market cap of $645.14 million, a P/E ratio of 17.11 and a beta of 0.40. The stock's 50-day moving average is $88.12 and its two-hundred day moving average is $81.37. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.38 and a quick ratio of 0.36.

Institutional Trading of Seneca Foods

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SENEA. SG Americas Securities LLC increased its holdings in Seneca Foods by 8.7% during the fourth quarter. SG Americas Securities LLC now owns 2,054 shares of the company's stock valued at $163,000 after buying an additional 165 shares during the last quarter. Money Concepts Capital Corp increased its holdings in Seneca Foods by 82.7% during the fourth quarter. Money Concepts Capital Corp now owns 29,442 shares of the company's stock valued at $2,334,000 after buying an additional 13,327 shares during the last quarter. Bleakley Financial Group LLC increased its holdings in Seneca Foods by 4.1% during the fourth quarter. Bleakley Financial Group LLC now owns 3,778 shares of the company's stock valued at $299,000 after buying an additional 148 shares during the last quarter. Empowered Funds LLC increased its holdings in Seneca Foods by 181.5% during the fourth quarter. Empowered Funds LLC now owns 9,651 shares of the company's stock valued at $765,000 after buying an additional 6,223 shares during the last quarter. Finally, Savant Capital LLC purchased a new stake in Seneca Foods during the fourth quarter valued at approximately $291,000. 42.51% of the stock is owned by hedge funds and other institutional investors.

About Seneca Foods

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.