Seneca Foods (NASDAQ:SENEA) Shares Cross Above 200 Day Moving Average of $55.33

Seneca Foods Co. (NASDAQ:SENEA) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $55.33 and traded as high as $60.08. Seneca Foods shares last traded at $58.95, with a volume of 45,133 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Seneca Foods from a “sell” rating to a “hold” rating in a research note on Thursday, June 20th.

Seneca Foods Price Performance

The company has a debt-to-equity ratio of 1.03, a current ratio of 6.40 and a quick ratio of 0.62. The company’s 50-day simple moving average is $59.25 and its 200-day simple moving average is $55.42. The company has a market cap of $413.08 million, a price-to-earnings ratio of 7.04 and a beta of 0.30.

Seneca Foods (NASDAQ:SENEA) last released its earnings results on Thursday, June 13th. The company reported ($0.02) EPS for the quarter. The business had revenue of $307.98 million for the quarter. Seneca Foods had a net margin of 4.34% and a return on equity of 13.74%.

Hedge Funds Weigh In On Seneca Foods

Several institutional investors and hedge funds have recently made changes to their positions in the business. Range Financial Group LLC boosted its stake in shares of Seneca Foods by 2.6% during the 1st quarter. Range Financial Group LLC now owns 10,175 shares of the company’s stock valued at $579,000 after buying an additional 262 shares during the last quarter. Shufro Rose & Co. LLC boosted its stake in shares of Seneca Foods by 2.2% during the 4th quarter. Shufro Rose & Co. LLC now owns 13,900 shares of the company’s stock valued at $748,000 after buying an additional 300 shares during the last quarter. SG Americas Securities LLC lifted its stake in Seneca Foods by 21.5% during the fourth quarter. SG Americas Securities LLC now owns 2,990 shares of the company’s stock worth $157,000 after purchasing an additional 529 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in Seneca Foods during the fourth quarter worth $43,000. Finally, Empowered Funds LLC lifted its stake in Seneca Foods by 7.1% during the first quarter. Empowered Funds LLC now owns 13,251 shares of the company’s stock worth $754,000 after purchasing an additional 875 shares during the last quarter. 42.51% of the stock is currently owned by hedge funds and other institutional investors.

Seneca Foods Company Profile

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. It operates through three segments: Fruits and Vegetables, Prepared Food Products, and Snack Products. The company offers canned, frozen, and bottled produce; jarred fruit; 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, Cherryman, Green Valley, and READ.