Seneca Foods (NASDAQ:SENEA) Hits New 12-Month High – Time to Buy?

Seneca Foods Corp. (NASDAQ:SENEA) shares reached a new 52-week high on Monday . The stock traded as high as $165.26 and last traded at $156.1620, with a volume of 126302 shares. The stock had previously closed at $160.92.

Analysts Set New Price Targets

Several research firms have recently weighed in on SENEA. Wall Street Zen lowered Seneca Foods from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Seneca Foods in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Seneca Foods has a consensus rating of “Buy”.

Seneca Foods Price Performance

The stock has a market capitalization of $1.05 billion, a P/E ratio of 12.42 and a beta of 0.03. The business’s 50 day simple moving average is $135.34 and its two-hundred day simple moving average is $121.15. The company has a quick ratio of 0.72, a current ratio of 4.34 and a debt-to-equity ratio of 0.37.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Royal Bank of Canada boosted its position in shares of Seneca Foods by 5.2% during the first quarter. Royal Bank of Canada now owns 7,738 shares of the company’s stock valued at $690,000 after buying an additional 384 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Seneca Foods by 5.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,813 shares of the company’s stock valued at $250,000 after buying an additional 156 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Seneca Foods during the 1st quarter valued at $245,000. Empowered Funds LLC lifted its stake in Seneca Foods by 54.0% during the 1st quarter. Empowered Funds LLC now owns 14,865 shares of the company’s stock valued at $1,324,000 after acquiring an additional 5,214 shares in the last quarter. Finally, Creative Planning purchased a new position in Seneca Foods during the 2nd quarter worth $266,000. 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.