Seneca Foods (NASDAQ:SENEA) Sees Large Volume Increase - What's Next?

Seneca Foods Corp. (NASDAQ:SENEA - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 104,648 shares changed hands during trading, an increase of 215% from the previous session's volume of 33,213 shares.The stock last traded at $101.34 and had previously closed at $101.59.

Analyst Ratings Changes

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

Seneca Foods Price Performance

The stock has a 50 day moving average of $94.30 and a two-hundred day moving average of $85.91. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.71 and a current ratio of 3.52. The firm has a market capitalization of $707.88 million, a P/E ratio of 17.44 and a beta of 0.42.

Seneca Foods (NASDAQ:SENEA - Get Free Report) last released its earnings results on Thursday, June 12th. The company reported $1.37 earnings per share (EPS) for the quarter. The firm had revenue of $345.84 million for the quarter. Seneca Foods had a return on equity of 11.03% and a net margin of 2.61%.

Hedge Funds Weigh In On Seneca Foods

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Seneca Foods by 2.1% in the first quarter. Vanguard Group Inc. now owns 307,325 shares of the company's stock valued at $27,364,000 after purchasing an additional 6,208 shares during the last quarter. Royce & Associates LP increased its holdings in Seneca Foods by 17.4% in the fourth quarter. Royce & Associates LP now owns 300,363 shares of the company's stock valued at $23,807,000 after purchasing an additional 44,462 shares during the last quarter. American Century Companies Inc. increased its holdings in Seneca Foods by 161.5% in the first quarter. American Century Companies Inc. now owns 70,929 shares of the company's stock valued at $6,316,000 after purchasing an additional 43,805 shares during the last quarter. Northern Trust Corp increased its holdings in Seneca Foods by 11.1% in the fourth quarter. Northern Trust Corp now owns 70,134 shares of the company's stock valued at $5,559,000 after purchasing an additional 7,020 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Seneca Foods by 80.0% in the first quarter. Invesco Ltd. now owns 52,492 shares of the company's stock valued at $4,674,000 after purchasing an additional 23,329 shares during the last quarter. Institutional investors and hedge funds own 42.51% of the company's stock.

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.