Seneca Foods (NASDAQ:SENEA) Shares Cross Above 200 Day Moving Average of $57.19

Shares of Seneca Foods Co. (NASDAQ:SENEA) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $57.19 and traded as high as $60.39. Seneca Foods shares last traded at $60.27, with a volume of 11,409 shares.

Analyst Ratings Changes

Separately, StockNews.com raised Seneca Foods from a “sell” rating to a “hold” rating in a research note on Thursday, June 20th.

Seneca Foods Stock Up 0.7 %

The company has a quick ratio of 0.46, a current ratio of 3.83 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $419.72 million, a PE ratio of 7.15 and a beta of 0.30. The company’s 50 day moving average is $59.95 and its two-hundred day moving average is $57.19.

Seneca Foods (NASDAQ:SENEA) last released its quarterly earnings data on Thursday, June 13th. The company reported ($0.02) EPS for the quarter. Seneca Foods had a net margin of 3.61% and a return on equity of 11.72%. The company had revenue of $307.98 million for the quarter.

Hedge Funds Weigh In On Seneca Foods

Several institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its stake in shares of Seneca Foods by 107.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,710 shares of the company’s stock worth $97,000 after buying an additional 884 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Seneca Foods during the 1st quarter valued at about $255,000. Squarepoint Ops LLC bought a new position in shares of Seneca Foods in the 2nd quarter valued at about $268,000. BNP Paribas Financial Markets grew its position in Seneca Foods by 42.3% in the first quarter. BNP Paribas Financial Markets now owns 5,155 shares of the company’s stock worth $293,000 after acquiring an additional 1,533 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Seneca Foods by 10.9% during the second quarter. American Century Companies Inc. now owns 8,676 shares of the company’s stock worth $498,000 after acquiring an additional 856 shares during the last quarter. Hedge funds and other 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. 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.