Seneca Foods (NASDAQ:SENEA) Stock Price Down 3% – What’s Next?

Seneca Foods Co. (NASDAQ:SENEA) dropped 3% during mid-day trading on Wednesday . The company traded as low as $87.64 and last traded at $87.25. Approximately 9,852 shares changed hands during trading, a decline of 55% from the average daily volume of 21,723 shares. The stock had previously closed at $89.95.

Seneca Foods Stock Down 3.1 %

The company has a debt-to-equity ratio of 0.53, a current ratio of 3.38 and a quick ratio of 0.36. The stock has a market capitalization of $599.59 million, a price-to-earnings ratio of 15.90 and a beta of 0.16. The business has a fifty day moving average of $81.46 and a 200 day moving average of $73.47.

Seneca Foods (NASDAQ:SENEA) last announced its earnings results on Thursday, February 6th. The company reported $3.29 earnings per share for the quarter. Seneca Foods had a net margin of 2.49% and a return on equity of 9.71%.

Institutional Investors Weigh In On Seneca Foods

A number of large investors have recently modified their holdings of the company. Pullen Investment Management LLC boosted its stake in shares of Seneca Foods by 46.2% during the fourth quarter. Pullen Investment Management LLC now owns 27,974 shares of the company’s stock worth $2,217,000 after buying an additional 8,842 shares during the period. Two Sigma Advisers LP grew its position in Seneca Foods by 6.4% in the 4th quarter. Two Sigma Advisers LP now owns 13,300 shares of the company’s stock valued at $1,054,000 after buying an additional 800 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Seneca Foods in the 4th quarter valued at $54,000. Janus Henderson Group PLC acquired a new stake in shares of Seneca Foods in the 4th quarter worth $223,000. Finally, Deutsche Bank AG boosted its holdings in shares of Seneca Foods by 39.4% in the fourth quarter. Deutsche Bank AG now owns 5,834 shares of the company’s stock valued at $462,000 after acquiring an additional 1,648 shares in the last quarter. 42.51% of the stock is 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. The company offers canned, frozen, and jarred 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.