Seneca Foods (NASDAQ:SENEA) Hits New 12-Month High – What’s Next?

Seneca Foods Co. (NASDAQ:SENEA) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $81.45 and last traded at $80.76, with a volume of 1411 shares trading hands. The stock had previously closed at $81.05.

Seneca Foods Price Performance

The company has a current ratio of 2.64, a quick ratio of 0.33 and a debt-to-equity ratio of 0.73. The firm has a 50 day moving average of $76.01 and a 200-day moving average of $68.13. The company has a market cap of $551.76 million, a P/E ratio of 14.61 and a beta of 0.25.

Seneca Foods (NASDAQ:SENEA) last released its quarterly earnings data on Thursday, February 6th. The company reported $3.29 earnings per share (EPS) for the quarter. Seneca Foods had a return on equity of 9.80% and a net margin of 2.49%.

Hedge Funds Weigh In On Seneca Foods

Several large investors have recently modified their holdings of the stock. Two Sigma Advisers LP increased its position in shares of Seneca Foods by 6.4% during the 4th quarter. Two Sigma Advisers LP now owns 13,300 shares of the company’s stock valued at $1,054,000 after purchasing an additional 800 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of Seneca Foods during the 4th quarter valued at approximately $54,000. Janus Henderson Group PLC bought a new position in shares of Seneca Foods during the 4th quarter valued at approximately $223,000. Deutsche Bank AG increased its position in shares of Seneca Foods by 39.4% during the 4th quarter. Deutsche Bank AG now owns 5,834 shares of the company’s stock valued at $462,000 after purchasing an additional 1,648 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its position in shares of Seneca Foods by 12.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 28,830 shares of the company’s stock valued at $2,285,000 after purchasing an additional 3,157 shares during the last quarter. Institutional investors own 42.51% of the company’s stock.

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.