Seneca Foods (NASDAQ:SENEA) Shares Cross Above 200-Day Moving Average of $52.47

Seneca Foods Co. (NASDAQ:SENEA) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $52.47 and traded as high as $56.61. Seneca Foods shares last traded at $56.44, with a volume of 30,275 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Seneca Foods from a “hold” rating to a “sell” rating in a report on Wednesday, February 28th.

Seneca Foods Price Performance

The business’s fifty day moving average is $52.02 and its 200 day moving average is $52.47. The company has a current ratio of 4.81, a quick ratio of 0.49 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $401.85 million, a P/E ratio of 7.48 and a beta of 0.34.

Seneca Foods (NASDAQ:SENEA) last issued its quarterly earnings results on Thursday, February 8th. The company reported $3.70 EPS for the quarter. The business had revenue of $444.48 million during the quarter. Seneca Foods had a net margin of 3.81% and a return on equity of 14.48%.

Insider Activity at Seneca Foods

In other news, CFO Michael S. Wolcott purchased 1,898 shares of Seneca Foods stock in a transaction that occurred on Tuesday, February 13th. The stock was acquired at an average price of $45.05 per share, for a total transaction of $85,504.90. Following the transaction, the chief financial officer now owns 15,198 shares in the company, valued at $684,669.90. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.24% of the stock is owned by insiders.

Institutional Investors Weigh In On Seneca Foods

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SENEA. Acuitas Investments LLC lifted its position in Seneca Foods by 123.5% in the 4th quarter. Acuitas Investments LLC now owns 113,501 shares of the company’s stock worth $5,952,000 after buying an additional 62,707 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of Seneca Foods during the 3rd quarter worth $2,307,000. Charles Schwab Investment Management Inc. increased its stake in shares of Seneca Foods by 34.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 121,546 shares of the company’s stock worth $6,374,000 after purchasing an additional 31,264 shares during the last quarter. Quadrature Capital Ltd increased its stake in shares of Seneca Foods by 244.5% during the 2nd quarter. Quadrature Capital Ltd now owns 43,595 shares of the company’s stock worth $1,424,000 after purchasing an additional 30,940 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Seneca Foods by 20.5% during the 1st quarter. Renaissance Technologies LLC now owns 121,164 shares of the company’s stock worth $6,333,000 after purchasing an additional 20,634 shares during the last quarter. Hedge funds and other institutional investors own 42.51% of the company’s stock.

Seneca Foods Company Profile

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. It operates through three segments: Fruits and Vegetables, Prepared Food Products, and Snack Products. The company offers canned, frozen, and bottled 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.