Seneca Foods (NASDAQ:SENEA) Stock Price Down 5.3% - What's Next?

Shares of Seneca Foods Co. (NASDAQ:SENEA - Get Free Report) traded down 5.3% during mid-day trading on Friday . The stock traded as low as $87.87 and last traded at $88.14. 53,027 shares traded hands during trading, an increase of 92% from the average session volume of 27,590 shares. The stock had previously closed at $93.08.

Wall Street Analyst Weigh In

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

Seneca Foods Stock Performance

The company's fifty day simple moving average is $89.19 and its 200 day simple moving average is $82.85. The company has a quick ratio of 0.36, a current ratio of 3.38 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $619.61 million, a price-to-earnings ratio of 16.43 and a beta of 0.41.

Seneca Foods (NASDAQ:SENEA - Get Free Report) last issued its quarterly earnings data on Thursday, June 12th. The company reported $1.37 earnings per share for the quarter. The business had revenue of $345.84 million during 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 made changes to their positions in SENEA. Vanguard Group Inc. grew its holdings in Seneca Foods by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 307,325 shares of the company's stock worth $27,364,000 after acquiring an additional 6,208 shares during the last quarter. Royce & Associates LP grew its holdings in 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 acquiring an additional 44,462 shares during the last quarter. Edge Capital Group LLC bought a new stake in Seneca Foods during the 4th quarter worth approximately $5,919,000. American Century Companies Inc. grew its holdings in Seneca Foods by 161.5% during the 1st quarter. American Century Companies Inc. now owns 70,929 shares of the company's stock worth $6,316,000 after acquiring an additional 43,805 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Seneca Foods by 11.1% during the 4th quarter. Northern Trust Corp now owns 70,134 shares of the company's stock worth $5,559,000 after acquiring an additional 7,020 shares during the last quarter. 42.51% of the stock is 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.