Shares of Seneca Foods Co. (NASDAQ:SENEA - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $93.43 and last traded at $92.47, with a volume of 5588 shares. The stock had previously closed at $91.48.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen cut Seneca Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, April 29th.
Check Out Our Latest Report on SENEA
Seneca Foods Stock Up 0.2%
The business's 50 day simple moving average is $87.82 and its 200 day simple moving average is $80.78. 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 $645.96 million, a PE ratio of 17.13 and a beta of 0.40.
Hedge Funds Weigh In On Seneca Foods
Several hedge funds have recently made changes to their positions in the company. Lazard Asset Management LLC purchased a new stake in shares of Seneca Foods in the fourth quarter valued at about $54,000. Van ECK Associates Corp raised its position in shares of Seneca Foods by 73.6% during the 4th quarter. Van ECK Associates Corp now owns 729 shares of the company's stock worth $58,000 after acquiring an additional 309 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Seneca Foods by 179.2% during the first quarter. Russell Investments Group Ltd. now owns 726 shares of the company's stock worth $65,000 after purchasing an additional 466 shares during the last quarter. HFM Investment Advisors LLC purchased a new stake in shares of Seneca Foods in the first quarter valued at about $71,000. Finally, KLP Kapitalforvaltning AS purchased a new position in Seneca Foods in the 4th quarter valued at $87,000. 42.51% of the stock is owned by institutional investors and hedge funds.
Seneca Foods Company Profile
(
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.
Further Reading
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