Seneca Foods (NASDAQ:SENEA) Shares Pass Above 200 Day Moving Average of $52.29

Seneca Foods Co. (NASDAQ:SENEA)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $52.29 and traded as high as $56.94. Seneca Foods shares last traded at $56.90, with a volume of 49,596 shares.

Analysts Set New Price Targets

Separately, StockNews.com cut Seneca Foods from a “hold” rating to a “sell” rating in a report on Wednesday, February 28th.

Seneca Foods Price Performance

The company has a current ratio of 4.81, a quick ratio of 0.49 and a debt-to-equity ratio of 1.05. The firm has a market cap of $405.13 million, a PE ratio of 7.54 and a beta of 0.32. The stock has a 50 day simple moving average of $51.62 and a 200-day simple moving average of $52.29.

Seneca Foods (NASDAQ:SENEA) last issued its quarterly earnings results on Thursday, February 8th. The company reported $3.70 earnings per share (EPS) for the quarter. Seneca Foods had a return on equity of 14.48% and a net margin of 3.81%. The business had revenue of $444.48 million during the quarter.

Insiders Place Their Bets

In other Seneca Foods news, CFO Michael S. Wolcott purchased 1,898 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was acquired at an average price of $45.05 per share, for a total transaction of $85,504.90. Following the purchase, the chief financial officer now owns 15,198 shares of the company’s stock, valued at approximately $684,669.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.24% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Seneca Foods by 1.4% during the first quarter. Vanguard Group Inc. now owns 410,886 shares of the company’s stock valued at $21,177,000 after purchasing an additional 5,833 shares in the last quarter. State Street Corp grew its position in shares of Seneca Foods by 1.8% during the first quarter. State Street Corp now owns 228,967 shares of the company’s stock valued at $11,801,000 after purchasing an additional 4,147 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Seneca Foods by 3.3% during the second quarter. Renaissance Technologies LLC now owns 125,163 shares of the company’s stock valued at $4,090,000 after purchasing an additional 3,999 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Seneca Foods by 0.5% in the 1st quarter. Invesco Ltd. now owns 123,120 shares of the company’s stock valued at $6,345,000 after acquiring an additional 657 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Seneca Foods by 34.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 121,546 shares of the company’s stock valued at $6,374,000 after acquiring an additional 31,264 shares during the last quarter. Hedge funds and other institutional investors 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. It operates through three segments: Fruits and Vegetables, Prepared Food Products, and Snack Products. The company offers canned, frozen, and bottled 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.