Seneca Foods (NASDAQ:SENEB) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Seneca Foods Co. (NASDAQ:SENEB) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $152.70 and traded as high as $181.48. Seneca Foods shares last traded at $177.04, with a volume of 168 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Seneca Foods in a report on Wednesday, June 24th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Seneca Foods Stock Performance

The business’s 50 day moving average price is $154.24 and its 200 day moving average price is $137.84.

Seneca Foods (NASDAQ:SENEB) last posted its earnings results on Thursday, June 11th. The consumer goods maker reported $3.67 earnings per share (EPS) for the quarter. The firm had revenue of $393.85 million during the quarter.

Institutional Investors Weigh In On Seneca Foods

An institutional investor recently raised its position in Seneca Foods stock. Vanguard Group Inc. increased its holdings in shares of Seneca Foods Co. (NASDAQ:SENEB) by 24.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,429 shares of the consumer goods maker’s stock after acquiring an additional 3,617 shares during the period. Vanguard Group Inc.’s holdings in Seneca Foods were worth $2,009,000 as of its most recent SEC filing. Institutional investors own 3.39% 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 bottled produce; 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, READ, Green Valley, Paradise, Seneca Farms, and CherryMan. It also packs Green Giant, Le Sueur, and other brands of canned vegetables, as well as select Green Giant frozen vegetables for B&G Foods North America under a contract packing agreement.