Seneca Foods (NASDAQ:SENEA) Sets New 52-Week High – Here’s What Happened

Seneca Foods Corp. (NASDAQ:SENEA)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $134.30 and last traded at $133.39, with a volume of 47368 shares changing hands. The stock had previously closed at $131.06.

Analyst Ratings Changes

Several analysts have commented on SENEA shares. Wall Street Zen lowered shares of Seneca Foods from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 1st. Weiss Ratings restated a “buy (b)” rating on shares of Seneca Foods in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy”.

Seneca Foods Trading Up 2.2%

The company has a 50 day simple moving average of $116.40 and a two-hundred day simple moving average of $113.54. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.72 and a current ratio of 4.34. The firm has a market cap of $906.10 million, a PE ratio of 10.30 and a beta of 0.11.

Seneca Foods (NASDAQ:SENEA) last released its earnings results on Thursday, February 5th. The company reported $6.48 EPS for the quarter. Seneca Foods had a return on equity of 12.30% and a net margin of 5.58%.The firm had revenue of $508.35 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Ballentine Partners LLC grew its holdings in shares of Seneca Foods by 3.2% during the fourth quarter. Ballentine Partners LLC now owns 2,862 shares of the company’s stock worth $317,000 after buying an additional 89 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Seneca Foods by 11.0% in the fourth quarter. Van ECK Associates Corp now owns 908 shares of the company’s stock worth $100,000 after buying an additional 90 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Seneca Foods by 5.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,813 shares of the company’s stock worth $250,000 after acquiring an additional 156 shares during the last quarter. Pullen Investment Management LLC grew its stake in Seneca Foods by 0.5% during the 4th quarter. Pullen Investment Management LLC now owns 33,694 shares of the company’s stock valued at $3,728,000 after acquiring an additional 168 shares in the last quarter. Finally, CWM LLC raised its holdings in Seneca Foods by 75.9% in the 3rd quarter. CWM LLC now owns 475 shares of the company’s stock valued at $51,000 after acquiring an additional 205 shares during the last quarter. Hedge funds and other institutional investors own 42.51% of the company’s stock.

About Seneca Foods

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.