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

Seneca Foods Corp. (NASDAQ:SENEA - Get Free Report) saw an uptick in trading volume on Wednesday . 77,139 shares were traded during trading, an increase of 174% from the previous session's volume of 28,203 shares.The stock last traded at $88.72 and had previously closed at $90.34.

Analysts Set New Price Targets

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

Seneca Foods Price Performance

The firm has a market capitalization of $622.10 million, a PE ratio of 15.33 and a beta of 0.41. 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 stock has a fifty day moving average price of $89.72 and a 200-day moving average price of $83.24.

Seneca Foods (NASDAQ:SENEA - Get Free Report) last posted its earnings results on Thursday, June 12th. The company reported $1.37 earnings per share (EPS) for the quarter. The company 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 Investors Weigh In On Seneca Foods

Several institutional investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC purchased a new stake in Seneca Foods during the 4th quarter worth approximately $54,000. Russell Investments Group Ltd. lifted its stake 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 buying an additional 466 shares during the period. Van ECK Associates Corp lifted its stake in shares of Seneca Foods by 73.6% during the fourth quarter. Van ECK Associates Corp now owns 729 shares of the company's stock worth $58,000 after buying an additional 309 shares during the period. HFM Investment Advisors LLC purchased a new stake in shares of Seneca Foods during the first quarter valued at $71,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Seneca Foods in the 4th quarter valued at $87,000. 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.