Seneca Foods (NASDAQ:SENEB) Shares Cross Above Fifty Day Moving Average – Should You Sell?

Seneca Foods Co. (NASDAQ:SENEB)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $159.85 and traded as high as $163.10. Seneca Foods shares last traded at $168.4990, with a volume of 184 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Seneca Foods in a report on Wednesday, June 24th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Seneca Foods Stock Up 3.3%

The business’s 50 day simple moving average is $159.85 and its 200 day simple moving average is $141.75.

Seneca Foods (NASDAQ:SENEB) last issued its quarterly earnings data on Thursday, June 11th. The consumer goods maker reported $3.67 earnings per share for the quarter. The company had revenue of $393.85 million for the quarter.

Institutional Investors Weigh In On Seneca Foods

An institutional investor recently raised its stake in Seneca Foods stock. Vanguard Group Inc. raised its holdings in Seneca Foods Co. (NASDAQ:SENEB) by 24.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,429 shares of the consumer goods maker’s stock after acquiring an additional 3,617 shares during the quarter. Vanguard Group Inc.’s holdings in Seneca Foods were worth $2,009,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 3.39% 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 bottled produce; 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, READ, Green Valley, Paradise, Seneca Farms, and CherryMan. It also packs Green Giant, Le Sueur, and other brands of canned vegetables, as well as select Green Giant frozen vegetables for B&G Foods North America under a contract packing agreement.