Seneca Foods (NASDAQ:SENEB) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Seneca Foods Co. (NASDAQ:SENEB) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $127.35 and traded as high as $142.49. Seneca Foods shares last traded at $138.73, with a volume of 177 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Seneca Foods in a research report on Friday, March 27th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Seneca Foods presently has an average rating of “Hold”.

Seneca Foods Price Performance

The business has a fifty day moving average of $142.56 and a 200-day moving average of $127.35.

Hedge Funds Weigh In On Seneca Foods

An institutional investor recently raised its position in Seneca Foods stock. Vanguard Group Inc. raised its stake in shares of Seneca Foods Co. (NASDAQ:SENEB) by 24.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,429 shares of the consumer goods maker’s stock after acquiring an additional 3,617 shares during the period. Vanguard Group Inc.’s holdings in Seneca Foods were worth $2,009,000 as of its most recent SEC filing. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Seneca Foods Company Profile

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.