Seneca Foods (NASDAQ:SENEA) Stock Crosses Above 200-Day Moving Average of $52.88

Seneca Foods Co. (NASDAQ:SENEA) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $52.88 and traded as high as $59.99. Seneca Foods shares last traded at $59.87, with a volume of 15,023 shares traded.

Analysts Set New Price Targets

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

Seneca Foods Stock Up 0.4 %

The stock has a market cap of $426.09 million, a P/E ratio of 7.93 and a beta of 0.34. The firm has a 50 day simple moving average of $55.41 and a two-hundred day simple moving average of $52.88. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.49 and a current ratio of 4.81.

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

Insiders Place Their Bets

In other news, CFO Michael S. Wolcott bought 1,898 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were purchased at an average price of $45.05 per share, with a total value of $85,504.90. Following the completion of the acquisition, the chief financial officer now directly 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 through this hyperlink. 7.24% of the stock is owned by insiders.

Hedge Funds Weigh In On Seneca Foods

Hedge funds have recently modified their holdings of the company. Range Financial Group LLC lifted its stake in Seneca Foods by 2.6% during the first quarter. Range Financial Group LLC now owns 10,175 shares of the company’s stock valued at $579,000 after purchasing an additional 262 shares during the last quarter. Shufro Rose & Co. LLC lifted its position in shares of Seneca Foods by 2.2% during the 4th quarter. Shufro Rose & Co. LLC now owns 13,900 shares of the company’s stock valued at $748,000 after acquiring an additional 300 shares during the last quarter. Foundry Partners LLC lifted its position in shares of Seneca Foods by 0.3% during the 3rd quarter. Foundry Partners LLC now owns 116,965 shares of the company’s stock valued at $6,296,000 after acquiring an additional 335 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Seneca Foods by 21.5% during the 4th quarter. SG Americas Securities LLC now owns 2,990 shares of the company’s stock worth $157,000 after acquiring an additional 529 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Seneca Foods in the 4th quarter worth $43,000. 42.51% of the stock is currently owned by institutional investors and hedge funds.

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.