Seneca Foods (NASDAQ:SENEA) Stock Rating Lowered by lowered shares of Seneca Foods (NASDAQ:SENEAFree Report) from a hold rating to a sell rating in a research note issued to investors on Wednesday.

Seneca Foods Trading Down 0.4 %

NASDAQ SENEA opened at $57.09 on Wednesday. The stock’s 50-day simple moving average is $58.69 and its two-hundred day simple moving average is $54.29. Seneca Foods has a twelve month low of $32.50 and a twelve month high of $63.37. The company has a quick ratio of 0.49, a current ratio of 4.81 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $406.31 million, a price-to-earnings ratio of 6.77 and a beta of 0.34.

Seneca Foods (NASDAQ:SENEAGet Free Report) last issued its earnings results on Thursday, June 13th. The company reported ($0.02) EPS for the quarter. The firm had revenue of $307.98 million during the quarter. Seneca Foods had a return on equity of 13.73% and a net margin of 4.34%.

Institutional Trading of Seneca Foods

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC bought a new position in shares of Seneca Foods in the fourth quarter worth about $43,000. SG Americas Securities LLC raised its holdings in shares of Seneca Foods by 21.5% during the 4th quarter. SG Americas Securities LLC now owns 2,990 shares of the company’s stock worth $157,000 after acquiring an additional 529 shares in the last quarter. Caxton Associates LP bought a new stake in Seneca Foods in the third quarter worth $230,000. Procyon Advisors LLC purchased a new stake in Seneca Foods during the fourth quarter valued at $244,000. Finally, Janney Montgomery Scott LLC bought a new position in Seneca Foods during the first quarter valued at $255,000. 42.51% of the stock is owned by hedge funds and other institutional investors.

About Seneca Foods

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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.

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