StockNews.com upgraded shares of Seneca Foods (NASDAQ:SENEA - Free Report) from a hold rating to a buy rating in a research report report published on Monday.
Seneca Foods Price Performance
Shares of Seneca Foods stock traded down $2.63 during trading on Monday, reaching $86.49. 30,245 shares of the stock traded hands, compared to its average volume of 25,039. The company has a market capitalization of $595.05 million, a price-to-earnings ratio of 15.78 and a beta of 0.26. Seneca Foods has a 52-week low of $51.79 and a 52-week high of $92.00. The business has a fifty day simple moving average of $85.16 and a two-hundred day simple moving average of $76.34. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.38 and a quick ratio of 0.36.
Seneca Foods (NASDAQ:SENEA - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $3.29 earnings per share (EPS) for the quarter. Seneca Foods had a net margin of 2.49% and a return on equity of 9.71%.
Institutional Investors Weigh In On Seneca Foods
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SENEA. Lazard Asset Management LLC purchased a new stake in shares of Seneca Foods during the fourth quarter worth $54,000. Van ECK Associates Corp raised its stake in shares of Seneca Foods by 73.6% in the 4th quarter. Van ECK Associates Corp now owns 729 shares of the company's stock valued at $58,000 after acquiring an additional 309 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Seneca Foods in the fourth quarter valued at $87,000. SG Americas Securities LLC boosted its stake in shares of Seneca Foods by 8.7% in the fourth quarter. SG Americas Securities LLC now owns 2,054 shares of the company's stock valued at $163,000 after purchasing an additional 165 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Seneca Foods in the third quarter valued at $156,000. 42.51% of the stock is owned by institutional investors and hedge funds.
About Seneca Foods
(
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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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