Seneca Foods (NASDAQ:SENEA) Sees Large Volume Increase - Here's Why

Shares of Seneca Foods Corp. (NASDAQ:SENEA - Get Free Report) saw an uptick in trading volume on Monday . 33,609 shares changed hands during trading, an increase of 11% from the previous session's volume of 30,407 shares.The stock last traded at $99.52 and had previously closed at $100.60.

Analyst Upgrades and Downgrades

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

Seneca Foods Stock Up 0.8%

The firm has a 50 day moving average price of $91.44 and a 200-day moving average price of $84.26. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.52 and a quick ratio of 0.71. The firm has a market cap of $698.85 million, a price-to-earnings ratio of 17.22 and a beta of 0.41.

Seneca Foods (NASDAQ:SENEA - Get Free Report) last released its earnings results on Thursday, June 12th. The company reported $1.37 earnings per share 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%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SENEA. GAMMA Investing LLC raised its holdings in Seneca Foods by 12,377.1% in 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 in the last quarter. American Century Companies Inc. raised its holdings in shares of Seneca Foods by 171.8% during the 4th quarter. American Century Companies Inc. now owns 27,124 shares of the company's stock worth $2,150,000 after buying an additional 17,145 shares in the last quarter. Pullen Investment Management LLC raised its holdings in shares of Seneca Foods by 46.2% during the 4th quarter. Pullen Investment Management LLC now owns 27,974 shares of the company's stock worth $2,217,000 after buying an additional 8,842 shares in the last quarter. Bailard Inc. acquired a new position in shares of Seneca Foods during the 4th quarter worth $317,000. Finally, D. E. Shaw & Co. Inc. raised its holdings in shares of Seneca Foods by 12.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 28,830 shares of the company's stock worth $2,285,000 after buying an additional 3,157 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.