Seneca Foods (NASDAQ:SENEA) Stock Crosses Above 200 Day Moving Average – What’s Next?

Shares of Seneca Foods Corp. (NASDAQ:SENEA) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $143.30 and traded as high as $165.88. Seneca Foods shares last traded at $164.13, with a volume of 88,948 shares traded.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SENEA shares. Freedom Capital upgraded Seneca Foods to a “strong-buy” rating in a report on Wednesday, May 20th. Wall Street Zen raised Seneca Foods from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 13th. Finally, Weiss Ratings raised Seneca Foods from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Strong Buy”.

Seneca Foods Trading Up 1.3%

The stock has a market capitalization of $1.13 billion, a P/E ratio of 10.01 and a beta of -0.07. The company has a current ratio of 5.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average price of $159.70 and a two-hundred day moving average price of $143.46.

Hedge Funds Weigh In On Seneca Foods

Hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC bought a new stake in shares of Seneca Foods during the 2nd quarter worth approximately $36,000. Public Employees Retirement System of Ohio bought a new position in Seneca Foods in the first quarter valued at approximately $54,000. Royal Bank of Canada increased its stake in Seneca Foods by 22.6% in the first quarter. Royal Bank of Canada now owns 429 shares of the company’s stock valued at $65,000 after acquiring an additional 79 shares during the last quarter. Quarry LP acquired a new position in Seneca Foods during the third quarter valued at approximately $57,000. Finally, Employees Retirement System of Texas acquired a new position in Seneca Foods during the third quarter valued at approximately $64,000. 42.51% of the stock is owned by institutional investors.

Seneca Foods Company Profile

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.