Seneca Foods (NASDAQ:SENEA) Upgraded to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Seneca Foods (NASDAQ:SENEA) from a buy rating to a strong-buy rating in a report issued on Saturday morning.

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Seneca Foods in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Seneca Foods currently has a consensus rating of “Buy”.

Seneca Foods Price Performance

SENEA stock opened at $115.64 on Friday. Seneca Foods has a 52-week low of $70.98 and a 52-week high of $129.03. The company has a quick ratio of 0.42, a current ratio of 2.59 and a debt-to-equity ratio of 0.40. The stock has a market cap of $790.98 million, a price-to-earnings ratio of 13.42 and a beta of 0.13. The business has a fifty day moving average of $115.09 and a two-hundred day moving average of $110.84.

Hedge Funds Weigh In On Seneca Foods

Several hedge funds have recently bought and sold shares of SENEA. State of Alaska Department of Revenue purchased a new position in Seneca Foods during the 3rd quarter valued at about $28,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Seneca Foods during the second quarter worth about $36,000. New York State Teachers Retirement System purchased a new position in shares of Seneca Foods in the second quarter valued at approximately $43,000. CWM LLC boosted its stake 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 during the period. Finally, Quarry LP purchased a new stake in Seneca Foods during the 3rd quarter worth approximately $57,000. Institutional investors and hedge funds 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.