Seneca Foods (NASDAQ:SENEA) Sets New 52-Week High – Here’s What Happened

Shares of Seneca Foods Corp. (NASDAQ:SENEA) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $110.10 and last traded at $108.71, with a volume of 38060 shares changing hands. The stock had previously closed at $108.78.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Seneca Foods from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th.

Seneca Foods Stock Down 1.5%

The firm has a market cap of $760.71 million, a price-to-earnings ratio of 17.80 and a beta of 0.38. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.66 and a current ratio of 4.11. The business’s 50-day moving average is $102.97 and its 200-day moving average is $92.55.

Seneca Foods (NASDAQ:SENEA) last announced its earnings results on Thursday, August 7th. The company reported $0.86 earnings per share (EPS) for the quarter. The business had revenue of $297.46 million during the quarter. Seneca Foods had a net margin of 2.76% and a return on equity of 10.07%.

Institutional Investors Weigh In On Seneca Foods

Hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its holdings in Seneca Foods by 12,377.1% during the 1st quarter. GAMMA Investing LLC now owns 19,589 shares of the company’s stock worth $1,744,000 after acquiring an additional 19,432 shares during the last quarter. Informed Momentum Co LLC bought a new position in shares of Seneca Foods in the 1st quarter valued at about $1,032,000. Pullen Investment Management LLC boosted its stake in shares of Seneca Foods by 46.2% in the 4th quarter. Pullen Investment Management LLC now owns 27,974 shares of the company’s stock valued at $2,217,000 after purchasing an additional 8,842 shares during the last quarter. Teacher Retirement System of Texas bought a new position in shares of Seneca Foods in the 1st quarter valued at about $206,000. Finally, Shufro Rose & Co. LLC boosted its stake in shares of Seneca Foods by 259.1% in the 1st quarter. Shufro Rose & Co. LLC now owns 34,650 shares of the company’s stock valued at $3,085,000 after purchasing an additional 25,000 shares during the last quarter. 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. 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.