Seneca Foods (NASDAQ:SENEA) Hits New 52-Week High - Time to Buy?

Seneca Foods Co. (NASDAQ:SENEA - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $94.00 and last traded at $89.77, with a volume of 1046 shares traded. The stock had previously closed at $89.58.

Analysts Set New Price Targets

Separately, StockNews.com cut Seneca Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, April 29th.

Seneca Foods Price Performance

The company has a current ratio of 3.38, a quick ratio of 0.36 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $618.33 million, a P/E ratio of 16.45 and a beta of 0.40. The business's fifty day moving average is $86.08 and its 200 day moving average is $77.56.

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

Institutional Trading of Seneca Foods

A number of hedge funds have recently made changes to their positions in the stock. Lazard Asset Management LLC acquired a new stake in shares of Seneca Foods in the 4th quarter valued at $54,000. Van ECK Associates Corp boosted its position in shares of Seneca Foods by 73.6% in the fourth quarter. Van ECK Associates Corp now owns 729 shares of the company's stock valued at $58,000 after acquiring an additional 309 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Seneca Foods during the 4th quarter valued at $87,000. Wilmington Savings Fund Society FSB acquired a new stake in Seneca Foods during the third quarter worth about $156,000. Finally, SG Americas Securities LLC raised its holdings in Seneca Foods by 8.7% in the 4th quarter. SG Americas Securities LLC now owns 2,054 shares of the company's stock valued at $163,000 after acquiring an additional 165 shares in the last quarter. 42.51% of the stock is owned by hedge funds and other 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.

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