Seneca Foods (NASDAQ:SENEA) Shares Cross Above 200-Day Moving Average of $54.96

Seneca Foods Co. (NASDAQ:SENEA)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $54.96 and traded as high as $59.38. Seneca Foods shares last traded at $59.10, with a volume of 57,741 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 research note on Thursday, June 20th.

Seneca Foods Trading Up 3.0 %

The business’s 50-day simple moving average is $58.97 and its two-hundred day simple moving average is $54.96. The company has a quick ratio of 0.62, a current ratio of 6.40 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $411.34 million, a price-to-earnings ratio of 7.01 and a beta of 0.30.

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

Institutional Investors Weigh In On Seneca Foods

Several large investors have recently bought and sold shares of the stock. Range Financial Group LLC lifted its position 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 worth $579,000 after purchasing an additional 262 shares during the last quarter. Shufro Rose & Co. LLC raised its stake in Seneca Foods by 2.2% in the fourth 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 in the last quarter. SG Americas Securities LLC lifted its holdings in Seneca Foods by 21.5% during the 4th quarter. SG Americas Securities LLC now owns 2,990 shares of the company’s stock worth $157,000 after buying 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 worth about $43,000. Finally, Empowered Funds LLC increased its holdings in shares of Seneca Foods by 7.1% in 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 during the last quarter. Hedge funds and other institutional investors 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.