Seneca Foods (NASDAQ:SENEA) Shares Cross Above 200 Day Moving Average of $54.51

Seneca Foods Co. (NASDAQ:SENEA)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $54.51 and traded as high as $59.26. Seneca Foods shares last traded at $58.27, with a volume of 18,885 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Seneca Foods from a “sell” rating to a “hold” rating in a report on Thursday.

Seneca Foods Stock Performance

The company has a current ratio of 6.40, a quick ratio of 0.62 and a debt-to-equity ratio of 1.03. The stock’s 50 day moving average price is $58.76 and its two-hundred day moving average price is $54.51. The firm has a market capitalization of $414.71 million, a PE ratio of 6.91 and a beta of 0.34.

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

Hedge Funds Weigh In On Seneca Foods

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

About Seneca Foods

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.