Seneca Foods (NASDAQ:SENEA) Sets New 52-Week High – Still a Buy?

Seneca Foods Co. (NASDAQ:SENEAGet Free Report) shares reached a new 52-week high during trading on Friday . The company traded as high as $92.52 and last traded at $90.85, with a volume of 19806 shares changing hands. The stock had previously closed at $91.14.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Seneca Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, April 29th.

Get Our Latest Stock Analysis on SENEA

Seneca Foods Price Performance

The business’s 50-day moving average price is $86.77 and its 200 day moving average price is $79.03. The stock has a market capitalization of $625.05 million, a PE ratio of 16.58 and a beta of 0.40. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.36 and a current ratio of 3.38.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its position in Seneca Foods by 2.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 5,578 shares of the company’s stock valued at $442,000 after buying an additional 129 shares during the period. Bleakley Financial Group LLC boosted its position in Seneca Foods by 4.1% during the fourth quarter. Bleakley Financial Group LLC now owns 3,778 shares of the company’s stock valued at $299,000 after buying an additional 148 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Seneca Foods by 5.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,813 shares of the company’s stock valued at $250,000 after buying an additional 156 shares during the period. SG Americas Securities LLC boosted its position in Seneca Foods by 8.7% during the fourth quarter. SG Americas Securities LLC now owns 2,054 shares of the company’s stock valued at $163,000 after buying an additional 165 shares during the period. Finally, Anchor Capital Advisors LLC boosted its position in Seneca Foods by 1.2% during the fourth quarter. Anchor Capital Advisors LLC now owns 24,036 shares of the company’s stock valued at $1,905,000 after buying an additional 293 shares during the period. 42.51% of the stock is currently owned by hedge funds and other institutional investors.

Seneca Foods Company Profile

(Get Free Report)

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.

Further Reading

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