Seneca Foods (NASDAQ:SENEA) Hits New 52-Week High - What's Next?

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

Analyst Upgrades and Downgrades

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

Seneca Foods Price Performance

The company has a market capitalization of $637.81 million, a P/E ratio of 16.89 and a beta of 0.40. The firm's fifty day moving average is $88.25 and its 200 day moving average is $81.53. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.36 and a current ratio of 3.38.

Hedge Funds Weigh In On Seneca Foods

Several hedge funds have recently added to or reduced their stakes in SENEA. Vanguard Group Inc. grew its stake in Seneca Foods by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 307,325 shares of the company's stock worth $27,364,000 after acquiring an additional 6,208 shares in the last quarter. Royce & Associates LP grew its stake in Seneca Foods by 17.4% in the 4th quarter. Royce & Associates LP now owns 300,363 shares of the company's stock worth $23,807,000 after acquiring an additional 44,462 shares in the last quarter. Edge Capital Group LLC bought a new position in Seneca Foods in the 4th quarter worth about $5,919,000. American Century Companies Inc. grew its stake in Seneca Foods by 161.5% in the 1st quarter. American Century Companies Inc. now owns 70,929 shares of the company's stock worth $6,316,000 after acquiring an additional 43,805 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Seneca Foods by 11.1% in the 4th quarter. Northern Trust Corp now owns 70,134 shares of the company's stock worth $5,559,000 after acquiring an additional 7,020 shares in the last quarter. 42.51% of the stock is currently owned by institutional investors.

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.