Seneca Foods (NASDAQ:SENEA) Reaches New 12-Month High – Here’s What Happened

Seneca Foods Corp. (NASDAQ:SENEA) shares reached a new 52-week high during trading on Monday . The stock traded as high as $124.64 and last traded at $123.0650, with a volume of 20741 shares. The stock had previously closed at $121.58.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SENEA. Weiss Ratings upgraded shares of Seneca Foods from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, November 7th. Wall Street Zen upgraded Seneca Foods from a “hold” rating to a “strong-buy” rating in a research report on Saturday, November 8th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy”.

Seneca Foods Stock Down 0.0%

The company has a market cap of $831.91 million, a PE ratio of 19.51 and a beta of 0.19. The stock has a 50-day moving average of $111.09 and a 200-day moving average of $103.42. The company has a quick ratio of 0.66, a current ratio of 4.11 and a debt-to-equity ratio of 0.44.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue purchased a new stake in Seneca Foods in the third quarter valued at approximately $28,000. EverSource Wealth Advisors LLC bought a new position in shares of Seneca Foods in the 2nd quarter worth $36,000. New York State Teachers Retirement System purchased a new stake in shares of Seneca Foods during the 2nd quarter valued at $43,000. CWM LLC raised its position in shares of Seneca Foods by 75.9% during the 3rd quarter. CWM LLC now owns 475 shares of the company’s stock valued at $51,000 after buying an additional 205 shares in the last quarter. Finally, Employees Retirement System of Texas bought a new stake in shares of Seneca Foods during the 3rd quarter worth $64,000. 42.51% of the stock is currently owned by institutional investors.

About Seneca Foods

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.