Seneca Foods (NASDAQ:SENEA) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Seneca Foods Corp. (NASDAQ:SENEA) saw strong trading volume on Tuesday . 82,844 shares traded hands during trading, an increase of 12% from the previous session’s volume of 74,008 shares.The stock last traded at $111.5010 and had previously closed at $112.75.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SENEA shares. Weiss Ratings restated a “buy (b-)” rating on shares of Seneca Foods in a research report on Monday, December 8th. Wall Street Zen downgraded shares of Seneca Foods from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 6th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Seneca Foods Stock Performance

The company has a current ratio of 2.59, a quick ratio of 0.42 and a debt-to-equity ratio of 0.40. The company has a market cap of $758.90 million, a P/E ratio of 12.87 and a beta of 0.10. The company has a 50 day moving average price of $115.33 and a 200-day moving average price of $108.11.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Caxton Associates LLP bought a new position in shares of Seneca Foods in the third quarter worth about $532,000. PharVision Advisers LLC acquired a new position in Seneca Foods during the 3rd quarter worth approximately $355,000. Verition Fund Management LLC acquired a new position in Seneca Foods during the 3rd quarter worth approximately $255,000. Quarry LP bought a new position in Seneca Foods in the 3rd quarter valued at approximately $57,000. Finally, Qube Research & Technologies Ltd boosted its position in Seneca Foods by 72.5% in the third quarter. Qube Research & Technologies Ltd now owns 27,969 shares of the company’s stock valued at $3,019,000 after buying an additional 11,758 shares in the last quarter. Institutional investors and hedge funds own 42.51% of the company’s stock.

About Seneca Foods

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.