Seneca Foods (NASDAQ:SENEA) Stock Rating Lowered by Wall Street Zen

Seneca Foods (NASDAQ:SENEA) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Sunday.

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Seneca Foods in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Seneca Foods Price Performance

Shares of NASDAQ:SENEA opened at $119.33 on Friday. The firm has a 50 day moving average of $114.46 and a 200-day moving average of $111.36. Seneca Foods has a 12 month low of $70.98 and a 12 month high of $129.03. The company has a current ratio of 2.59, a quick ratio of 0.42 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $816.22 million, a PE ratio of 13.84 and a beta of 0.13.

Institutional Trading of Seneca Foods

Large investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue acquired a new position in shares of Seneca Foods in the third quarter valued at about $28,000. EverSource Wealth Advisors LLC purchased a new stake in Seneca Foods in the second quarter valued at approximately $36,000. New York State Teachers Retirement System acquired a new position in Seneca Foods in the 2nd quarter worth approximately $43,000. CWM LLC raised its position in Seneca Foods by 75.9% during the 3rd quarter. CWM LLC now owns 475 shares of the company’s stock worth $51,000 after buying an additional 205 shares during the last quarter. Finally, Quarry LP acquired a new stake in Seneca Foods during the 3rd quarter valued at approximately $57,000. Hedge funds and other institutional investors own 42.51% of the company’s stock.

Seneca Foods Company Profile

Seneca Foods Corporation is a leading producer and distributor of shelf-stable fruits, vegetables and fruit‐based products. The company’s core activities include the processing, packaging and sale of canned fruits and vegetables, natural fruit juices, apple sauces and fruit‐based snacks. Seneca Foods caters to both retail and foodservice markets, supplying national and international grocers, restaurant chains and food manufacturers with branded and private‐label products.

Seneca Foods operates a network of manufacturing facilities and cold storage warehouses across North America, with key processing plants in New York, Michigan, California and Canada.