Seneca Foods (NASDAQ:SENEA) Stock Passes Above 200-Day Moving Average – Time to Sell?

Seneca Foods Co. (NASDAQ:SENEA)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $59.88 and traded as high as $63.68. Seneca Foods shares last traded at $61.91, with a volume of 18,695 shares trading hands.

Seneca Foods Trading Down 2.6 %

The company has a 50 day moving average price of $61.57 and a 200 day moving average price of $59.88. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.46 and a current ratio of 3.83. The firm has a market cap of $429.04 million, a price-to-earnings ratio of 8.57 and a beta of 0.27.

Seneca Foods (NASDAQ:SENEA) last posted its earnings results on Thursday, August 8th. The company reported $1.49 earnings per share (EPS) for the quarter. Seneca Foods had a return on equity of 11.72% and a net margin of 3.61%. The firm had revenue of $304.73 million for the quarter.

Hedge Funds Weigh In On Seneca Foods

Several hedge funds have recently bought and sold shares of SENEA. Acuitas Investments LLC raised its position in Seneca Foods by 0.5% in the 2nd quarter. Acuitas Investments LLC now owns 57,488 shares of the company’s stock valued at $3,300,000 after purchasing an additional 309 shares in the last quarter. Pullen Investment Management LLC raised its position in Seneca Foods by 2.5% in the 2nd quarter. Pullen Investment Management LLC now owns 16,461 shares of the company’s stock valued at $945,000 after purchasing an additional 397 shares in the last quarter. Anchor Capital Advisors LLC raised its position in Seneca Foods by 3.1% in the 2nd quarter. Anchor Capital Advisors LLC now owns 23,942 shares of the company’s stock valued at $1,374,000 after purchasing an additional 718 shares in the last quarter. American Century Companies Inc. raised its position in Seneca Foods by 10.9% in the 2nd quarter. American Century Companies Inc. now owns 8,676 shares of the company’s stock valued at $498,000 after purchasing an additional 856 shares in the last quarter. Finally, Empowered Funds LLC raised its position in 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 purchasing an additional 875 shares in the last quarter. Institutional investors and hedge funds 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.