Seneca Foods (NASDAQ:SENEA) Sets New 1-Year High – What’s Next?

Shares of Seneca Foods Corp. (NASDAQ:SENEA) hit a new 52-week high during trading on Friday . The company traded as high as $134.14 and last traded at $121.0650, with a volume of 34088 shares changing hands. The stock had previously closed at $119.70.

Wall Street Analyst Weigh In

SENEA has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Seneca Foods from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 1st. Weiss Ratings reissued 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, the stock currently has an average rating of “Buy”.

Seneca Foods Price Performance

The firm has a 50 day moving average of $114.22 and a 200-day moving average of $111.78. 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 company has a market cap of $824.84 million, a P/E ratio of 13.99 and a beta of 0.11.

Seneca Foods (NASDAQ:SENEA) last announced its quarterly earnings data on Thursday, February 5th. The company reported $6.48 earnings per share (EPS) for the quarter. Seneca Foods had a net margin of 3.73% and a return on equity of 9.68%. The business had revenue of $508.35 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SENEA. State of Alaska Department of Revenue bought a new stake in shares of Seneca Foods in the third quarter worth about $28,000. EverSource Wealth Advisors LLC bought a new stake in Seneca Foods in the 2nd quarter worth approximately $36,000. New York State Teachers Retirement System bought a new position in shares of Seneca Foods during the 2nd quarter valued at approximately $43,000. CWM LLC grew its holdings in shares of Seneca Foods by 75.9% in the third quarter. CWM LLC now owns 475 shares of the company’s stock valued at $51,000 after purchasing an additional 205 shares in the last quarter. Finally, Quarry LP bought a new stake in Seneca Foods in the third quarter worth $57,000. 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.