Seneca Foods Co. (NASDAQ:SENEA - Get Free Report) shares were down 5.3% during trading on Friday . The stock traded as low as $87.87 and last traded at $88.14. Approximately 53,027 shares were traded during trading, an increase of 92% from the average daily volume of 27,590 shares. The stock had previously closed at $93.08.
Analysts Set New Price Targets
Separately, Wall Street Zen lowered shares of Seneca Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, April 29th.
Check Out Our Latest Stock Analysis on SENEA
Seneca Foods Trading Down 4.6%
The business's fifty day moving average price is $88.91 and its 200 day moving average price is $82.43. The company has a market cap of $611.05 million, a price-to-earnings ratio of 16.16 and a beta of 0.41. 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 posted its earnings results on Thursday, June 12th. The company reported $1.37 EPS for the quarter. Seneca Foods had a net margin of 2.49% and a return on equity of 9.71%. The company had revenue of $345.84 million during the quarter.
Institutional Investors Weigh In On Seneca Foods
Several institutional investors have recently added to or reduced their stakes in SENEA. Lazard Asset Management LLC bought a new stake in shares of Seneca Foods in the fourth quarter worth approximately $54,000. Van ECK Associates Corp lifted its holdings in shares of Seneca Foods by 73.6% in 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 in the last quarter. Russell Investments Group Ltd. raised its stake in Seneca Foods by 179.2% during the first quarter. Russell Investments Group Ltd. now owns 726 shares of the company's stock valued at $65,000 after purchasing an additional 466 shares in the last quarter. HFM Investment Advisors LLC bought a new position in Seneca Foods during the first quarter valued at $71,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Seneca Foods in the fourth quarter worth about $87,000. Hedge funds and other institutional investors own 42.51% of the company's stock.
Seneca Foods Company Profile
(
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.
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