Seneca Foods (NASDAQ:SENEA) Sets New 12-Month High – What’s Next?

Shares of Seneca Foods Corp. (NASDAQ:SENEA) reached a new 52-week high during trading on Wednesday . The company traded as high as $181.50 and last traded at $181.8740, with a volume of 81771 shares trading hands. The stock had previously closed at $173.94.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SENEA shares. Weiss Ratings upgraded shares of Seneca Foods from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, June 15th. Wall Street Zen upgraded shares of Seneca Foods from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 13th. Finally, Freedom Capital raised shares of Seneca Foods to a “strong-buy” rating in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

Seneca Foods Stock Performance

The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 10.93 and a beta of -0.03. The company has a current ratio of 5.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.34. The stock’s 50-day moving average is $147.08 and its 200-day moving average is $135.85.

Institutional Investors Weigh In On Seneca Foods

Several hedge funds have recently modified their holdings of SENEA. Teacher Retirement System of Texas raised its holdings in Seneca Foods by 75.0% during the 4th quarter. Teacher Retirement System of Texas now owns 21,633 shares of the company’s stock worth $2,393,000 after purchasing an additional 9,273 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Seneca Foods by 29.5% in the 3rd quarter. American Century Companies Inc. now owns 155,727 shares of the company’s stock valued at $16,809,000 after purchasing an additional 35,480 shares during the last quarter. EVR Research LP bought a new stake in shares of Seneca Foods in the 3rd quarter valued at $2,267,000. Draper Asset Management LLC acquired a new stake in shares of Seneca Foods during the first quarter worth $987,000. Finally, Ritholtz Wealth Management increased its position in shares of Seneca Foods by 68.6% during the first quarter. Ritholtz Wealth Management now owns 18,988 shares of the company’s stock worth $2,869,000 after buying an additional 7,723 shares during the period. Institutional investors and hedge funds own 42.51% of the company’s stock.

Seneca Foods Company Profile

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.