Seneca Foods (NASDAQ:SENEA) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Seneca Foods Corp. (NASDAQ:SENEA) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $127.71 and traded as high as $144.75. Seneca Foods shares last traded at $142.62, with a volume of 53,755 shares.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SENEA shares. Wall Street Zen cut shares of Seneca Foods from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Weiss Ratings reiterated a “buy (b)” rating on shares of Seneca Foods in a report on Friday, April 24th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Seneca Foods has an average rating of “Buy”.

Seneca Foods Stock Up 2.7%

The firm has a market cap of $965.54 million, a PE ratio of 10.97 and a beta of -0.03. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.72 and a current ratio of 4.34. The firm’s 50-day moving average price is $145.51 and its two-hundred day moving average price is $127.71.

Institutional Trading of Seneca Foods

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Seneca Foods by 10.0% in the 3rd quarter. Vanguard Group Inc. now owns 351,033 shares of the company’s stock valued at $37,891,000 after purchasing an additional 31,873 shares during the last quarter. American Century Companies Inc. raised its position in Seneca Foods by 29.5% in the 3rd quarter. American Century Companies Inc. now owns 155,727 shares of the company’s stock valued at $16,809,000 after purchasing an additional 35,480 shares during the last quarter. Geode Capital Management LLC raised its position in Seneca Foods by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 138,182 shares of the company’s stock valued at $15,289,000 after purchasing an additional 516 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Seneca Foods by 12.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 110,203 shares of the company’s stock valued at $12,192,000 after purchasing an additional 12,409 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Seneca Foods by 31.7% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 61,222 shares of the company’s stock valued at $6,608,000 after purchasing an additional 14,721 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 is a leading producer and distributor of shelf-stable fruits, vegetables and fruit?based products. The company’s core activities include the processing, packaging and sale of canned fruits and vegetables, natural fruit juices, apple sauces and fruit?based snacks. Seneca Foods caters to both retail and foodservice markets, supplying national and international grocers, restaurant chains and food manufacturers with branded and private?label products.

Seneca Foods operates a network of manufacturing facilities and cold storage warehouses across North America, with key processing plants in New York, Michigan, California and Canada.