Free Trial

Seneca Foods (NASDAQ:SENEA) Hits New 52-Week High - Here's Why

Seneca Foods logo with Consumer Staples background

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

Analyst Ratings Changes

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

Read Our Latest Stock Report on SENEA

Seneca Foods Trading Up 1.1%

The company has a quick ratio of 0.71, a current ratio of 3.52 and a debt-to-equity ratio of 0.44. The company has a market cap of $693.13 million, a P/E ratio of 17.08 and a beta of 0.41. The firm's 50 day moving average is $91.08 and its two-hundred day moving average is $84.11.

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

Institutional Investors Weigh In On Seneca Foods

A number of institutional investors have recently modified their holdings of the company. Anchor Capital Advisors LLC boosted its position in shares of Seneca Foods by 1.2% during the 4th quarter. Anchor Capital Advisors LLC now owns 24,036 shares of the company's stock valued at $1,905,000 after purchasing an additional 293 shares in the last quarter. Metis Global Partners LLC bought a new stake in shares of Seneca Foods during the 4th quarter valued at about $222,000. Bailard Inc. bought a new position in shares of Seneca Foods during the 4th quarter worth approximately $317,000. 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 worth $23,807,000 after buying an additional 44,462 shares in the last quarter. Finally, American Century Companies Inc. boosted 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. 42.51% of the stock is owned by institutional investors.

About Seneca Foods

(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.

See Also

Should You Invest $1,000 in Seneca Foods Right Now?

Before you consider Seneca Foods, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Seneca Foods wasn't on the list.

While Seneca Foods currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Pelosi Makes Big Bet on Broadcom—Here’s Why It Matters
This Strategy Beat the S&P—And Most Investors Ignore It
NVDA Greenlight: China Sales Spark 50% Rally Potential

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines