Seneca Foods (NASDAQ:SENEA) Upgraded by Wall Street Zen to Strong-Buy Rating

Wall Street Zen upgraded shares of Seneca Foods (NASDAQ:SENEA) from a buy rating to a strong-buy rating in a report released on Monday.

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Seneca Foods in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Seneca Foods has a consensus rating of “Buy”.

Seneca Foods Price Performance

SENEA opened at $138.92 on Monday. Seneca Foods has a 12-month low of $85.20 and a 12-month high of $167.51. The company has a market cap of $940.49 million, a price-to-earnings ratio of 10.69 and a beta of -0.03. The stock has a fifty day simple moving average of $145.44 and a two-hundred day simple moving average of $126.90. The company has a current ratio of 4.34, a quick ratio of 0.72 and a debt-to-equity ratio of 0.37.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new position in shares of Seneca Foods in the third quarter worth about $28,000. EverSource Wealth Advisors LLC bought a new position in shares of Seneca Foods in the second quarter worth about $36,000. CWM LLC raised its stake in shares of Seneca Foods by 75.9% in the third quarter. CWM LLC now owns 475 shares of the company’s stock worth $51,000 after buying an additional 205 shares during the period. Quarry LP bought a new position in shares of Seneca Foods in the third quarter worth about $57,000. Finally, Employees Retirement System of Texas bought a new position in shares of Seneca Foods in the third quarter worth about $64,000. 42.51% of the stock is owned by hedge funds and other 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.