Seneca Foods (NASDAQ:SENEA) is trading above its 200-day moving average of $57.19

Shares of Seneca Foods Co. (NASDAQ:SENEA – Get Free Report ) broke above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $57.19 and traded as high as $60.39. Shares of Seneca Foods last traded at $60.27 with a volume of 11,409 shares.

Changes in Analyst Ratings

Separately, StockNews.com raised Seneca Foods from a “sell” rating to a “hold” rating in a research note on Thursday, June 20th.

Check out the latest stock report on Seneca Foods

Seneca Foods stocks rose 0.7%

The company has a quick ratio of 0.46, a current ratio of 3.83, and a debt-to-equity ratio of 0.82. The company has a market cap of $419.72 million, a PE ratio of 7.15 and a beta of 0.30. The company’s 50-day moving average is $59.95, and its two-hundred-day moving average is $57.19.

Seneca Foods (NASDAQ:SENEA – Get Your Free Report ) last released its quarterly earnings data on Thursday, June 13th. The company reported ($0.02) EPS for the quarter. Seneca Foods had a net margin of 3.61% and a return on equity of 11.72%. The company had revenue of $307.98 million for the quarter.

Hedge funds influence Seneca Foods

Several institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its stake in Seneca Foods by 107.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,710 shares of the company’s stock worth $97,000 after buying an additional 884 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Seneca Foods in the first quarter valued at about $255,000. Squarepoint Ops LLC bought a new position in shares of Seneca Foods in the second quarter valued at about $268,000. BNP Paribas Financial Markets raised its position in Seneca Foods by 42.3% in the first quarter. BNP Paribas Financial Markets now owns 5,155 shares of the company’s stock worth $293,000 after acquiring an additional 1,533 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Seneca Foods by 10.9% during the second quarter. American Century Companies Inc. now owns 8,676 shares of the company’s stock worth $498,000 after purchasing an additional 856 shares during the last quarter. Hedge funds and other institutional investors own 42.51% of the company’s shares.

About Seneca Foods

(Get a free report)

Seneca Foods Corporation supplies packaged fruits and vegetables in the United States and internationally. It operates through three segments: Fruits and Vegetables, Prepared Foods and Snacks. The company offers canned, frozen and bottled products; fruit in jars; and snack chips and other food products under 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.

See Also

Get news and ratings for Seneca Foods daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Seneca Foods and related companies with MarketBeat.com’s FREE daily email newsletter.