Seneca Foods (NASDAQ:SENEA) Sets New 12-Month High - Here's What Happened

Seneca Foods Corp. (NASDAQ:SENEA - Get Free Report)'s share price hit a new 52-week high during trading on Thursday . The company traded as high as $98.87 and last traded at $95.85, with a volume of 1693 shares. The stock had previously closed at $95.09.

Wall Street Analysts Forecast Growth

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

Seneca Foods Trading Up 1.3%

The stock has a market capitalization of $663.63 million, a PE ratio of 16.22 and a beta of 0.41. The stock's 50 day moving average price is $90.38 and its 200-day moving average price is $83.62. The company has a quick ratio of 0.71, a current ratio of 3.52 and a debt-to-equity ratio of 0.44.

Seneca Foods (NASDAQ:SENEA - Get Free Report) last issued its quarterly earnings results on Thursday, June 12th. The company reported $1.37 earnings per share (EPS) for the quarter. The business had revenue of $345.84 million during 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 added to or reduced their stakes in the business. Royce & Associates LP boosted its holdings in shares of Seneca Foods by 17.4% during the 4th 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. lifted its position in shares of Seneca Foods by 161.5% in the first quarter. American Century Companies Inc. now owns 70,929 shares of the company's stock worth $6,316,000 after buying an additional 43,805 shares in the last quarter. Shufro Rose & Co. LLC boosted its stake in Seneca Foods by 259.1% during the first quarter. Shufro Rose & Co. LLC now owns 34,650 shares of the company's stock valued at $3,085,000 after buying an additional 25,000 shares during the last quarter. Invesco Ltd. grew its holdings in Seneca Foods by 80.0% during the 1st quarter. Invesco Ltd. now owns 52,492 shares of the company's stock valued at $4,674,000 after buying an additional 23,329 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in 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 buying an additional 19,432 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.

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