Seneca Foods (NASDAQ:SENEA) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Seneca Foods (NASDAQ:SENEA) from a buy rating to a hold rating in a report issued on Tuesday morning.

Seneca Foods Stock Performance

Shares of NASDAQ:SENEA opened at $89.28 on Tuesday. The business’s fifty day moving average price is $85.77 and its two-hundred day moving average price is $77.02. Seneca Foods has a fifty-two week low of $51.79 and a fifty-two week high of $92.00. The stock has a market capitalization of $614.25 million, a price-to-earnings ratio of 16.29 and a beta of 0.26. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.38 and a quick ratio of 0.36.

Seneca Foods (NASDAQ:SENEA) last announced its quarterly earnings results on Thursday, February 6th. The company reported $3.29 earnings per share for the quarter. Seneca Foods had a return on equity of 9.71% and a net margin of 2.49%.

Institutional Trading of Seneca Foods

Several large investors have recently made changes to their positions in SENEA. Lazard Asset Management LLC bought a new stake in shares of Seneca Foods during the fourth quarter worth $54,000. Van ECK Associates Corp grew its holdings in shares of Seneca Foods by 73.6% during the fourth quarter. Van ECK Associates Corp now owns 729 shares of the company’s stock worth $58,000 after purchasing an additional 309 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Seneca Foods during the fourth quarter worth $87,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Seneca Foods during the third quarter worth $156,000. Finally, SG Americas Securities LLC grew its holdings in shares of Seneca Foods by 8.7% during the fourth quarter. SG Americas Securities LLC now owns 2,054 shares of the company’s stock worth $163,000 after purchasing an additional 165 shares during the last quarter. 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. The company offers canned, frozen, and jarred 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.