Seneca Foods (NASDAQ:SENEA) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of Seneca Foods (NASDAQ:SENEA) from a hold rating to a buy rating in a report published on Monday morning.

Seneca Foods Trading Up 0.9 %

Shares of SENEA stock opened at $83.28 on Monday. The company has a current ratio of 3.38, a quick ratio of 0.36 and a debt-to-equity ratio of 0.53. Seneca Foods has a twelve month low of $51.79 and a twelve month high of $92.00. The company’s 50-day moving average price is $84.56 and its 200-day moving average price is $75.82. The stock has a market cap of $572.97 million, a price-to-earnings ratio of 15.20 and a beta of 0.26.

Seneca Foods (NASDAQ:SENEA) last posted its earnings results on Thursday, February 6th. The company reported $3.29 earnings per share (EPS) for the quarter. Seneca Foods had a return on equity of 9.71% and a net margin of 2.49%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Lazard Asset Management LLC purchased a new position in shares of Seneca Foods in the 4th quarter valued at about $54,000. Van ECK Associates Corp lifted its stake in 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 acquiring an additional 309 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Seneca Foods during the 4th quarter worth approximately $87,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Seneca Foods in the 3rd quarter valued at approximately $156,000. Finally, SG Americas Securities LLC raised its holdings in shares of Seneca Foods by 8.7% in the 4th 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 in 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. 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.