Seneca Foods (NASDAQ:SENEA) Upgraded by Wall Street Zen to Strong-Buy Rating

Seneca Foods (NASDAQ:SENEA) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “strong-buy” rating in a report released on Saturday.

Separately, Weiss Ratings lowered shares of Seneca Foods from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Seneca Foods has a consensus rating of “Hold”.

Seneca Foods Price Performance

NASDAQ SENEA opened at $107.65 on Friday. The stock has a 50-day simple moving average of $110.56 and a 200 day simple moving average of $102.15. Seneca Foods has a twelve month low of $63.74 and a twelve month high of $124.00. The stock has a market capitalization of $738.91 million, a PE ratio of 17.28 and a beta of 0.19. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.66 and a current ratio of 4.11.

Seneca Foods (NASDAQ:SENEA) last released its earnings results on Thursday, August 7th. The company reported $0.86 earnings per share (EPS) for the quarter. Seneca Foods had a return on equity of 10.07% and a net margin of 2.76%.The firm had revenue of $297.46 million for the quarter.

Institutional Investors Weigh In On Seneca Foods

A number of institutional investors have recently bought and sold shares of SENEA. State of Alaska Department of Revenue acquired a new position in shares of Seneca Foods in the 3rd quarter valued at $28,000. EverSource Wealth Advisors LLC bought a new stake in Seneca Foods in the second quarter valued at about $36,000. New York State Teachers Retirement System acquired a new position in Seneca Foods in the second quarter worth about $43,000. CWM LLC raised its position in Seneca Foods by 75.9% in the third quarter. CWM LLC now owns 475 shares of the company’s stock worth $51,000 after purchasing an additional 205 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted 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 worth $65,000 after purchasing an additional 466 shares during the period. Institutional investors and hedge funds own 42.51% of the company’s stock.

About Seneca Foods

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.