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Seneca Foods (NASDAQ:SENEA) Sets New 12-Month High - Still a Buy?

Seneca Foods logo with Consumer Staples background

Seneca Foods Co. (NASDAQ:SENEA - Get Free Report) hit a new 52-week high during 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.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Seneca Foods from a "buy" rating to a "hold" rating in a research note on Tuesday, April 29th.

View Our Latest Research Report on Seneca Foods

Seneca Foods Stock Performance

The company has a market capitalization of $608.88 million, a PE ratio of 16.15 and a beta of 0.40. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.38 and a quick ratio of 0.36. The company has a 50 day moving average of $86.62 and a two-hundred day moving average of $78.22.

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

Several hedge funds and other institutional investors have recently made changes to their positions in SENEA. Edge Capital Group LLC purchased a new stake in Seneca Foods during the 4th quarter valued at $5,919,000. Peapod Lane Capital LLC bought a new stake in Seneca Foods in the 4th quarter worth about $4,627,000. Royce & Associates LP raised its position 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 buying an additional 44,462 shares during the last quarter. Shufro Rose & Co. LLC lifted its stake in Seneca Foods by 259.1% during the 1st quarter. Shufro Rose & Co. LLC now owns 34,650 shares of the company's stock valued at $3,085,000 after acquiring an additional 25,000 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Seneca Foods by 12,377.1% during the 1st quarter. GAMMA Investing LLC now owns 19,589 shares of the company's stock valued at $1,744,000 after acquiring an additional 19,432 shares during the last quarter. Hedge funds and other institutional investors own 42.51% of the company's stock.

About Seneca Foods

(Get Free Report)

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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