Seneca Foods (NASDAQ:SENEA) Upgraded to Hold at StockNews.com

Seneca Foods (NASDAQ:SENEA) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Thursday.

Seneca Foods Price Performance

Shares of NASDAQ SENEA opened at $58.27 on Thursday. Seneca Foods has a twelve month low of $32.50 and a twelve month high of $63.37. The firm has a fifty day simple moving average of $58.76 and a 200 day simple moving average of $54.51. The company has a market capitalization of $414.88 million, a PE ratio of 6.91 and a beta of 0.34. The company has a quick ratio of 0.62, a current ratio of 6.40 and a debt-to-equity ratio of 1.03.

Seneca Foods (NASDAQ:SENEA) last announced its earnings results on Thursday, June 13th. The company reported ($0.02) earnings per share for the quarter. Seneca Foods had a return on equity of 13.74% and a net margin of 4.34%. The firm had revenue of $307.98 million for the quarter.

Institutional Investors Weigh In On Seneca Foods

A number of large investors have recently bought and sold shares of the stock. Anchor Capital Advisors LLC grew its holdings in Seneca Foods by 4.1% in the first quarter. Anchor Capital Advisors LLC now owns 23,224 shares of the company’s stock worth $1,321,000 after purchasing an additional 913 shares during the period. Empowered Funds LLC grew its holdings in shares of Seneca Foods by 7.1% during the first quarter. Empowered Funds LLC now owns 13,251 shares of the company’s stock valued at $754,000 after buying an additional 875 shares during the last quarter. Pullen Investment Management LLC acquired a new position in shares of Seneca Foods during the first quarter valued at about $914,000. Janney Montgomery Scott LLC acquired a new position in shares of Seneca Foods during the first quarter valued at about $255,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of Seneca Foods by 42.3% during the first quarter. BNP Paribas Financial Markets now owns 5,155 shares of the company’s stock valued at $293,000 after buying an additional 1,533 shares during the last quarter. 42.51% of the stock is currently owned by institutional investors and hedge funds.

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.