Seneca Foods (NASDAQ:SENEA) Hits New 1-Year High – Time to Buy?

Seneca Foods Corp. (NASDAQ:SENEA) shares reached a new 52-week high on Thursday . The company traded as high as $146.16 and last traded at $146.16, with a volume of 39861 shares changing hands. The stock had previously closed at $139.81.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SENEA. Wall Street Zen upgraded Seneca Foods from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 28th. Weiss Ratings restated a “buy (b)” rating on shares of Seneca Foods in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Seneca Foods presently has a consensus rating of “Buy”.

Seneca Foods Stock Performance

The company has a quick ratio of 0.72, a current ratio of 4.34 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average price of $120.54 and a two-hundred day moving average price of $115.35. The firm has a market cap of $992.08 million, a PE ratio of 11.27 and a beta of 0.02.

Seneca Foods (NASDAQ:SENEA) last posted its quarterly earnings data on Thursday, February 5th. The company reported $6.48 EPS for the quarter. The firm had revenue of $508.35 million during the quarter. Seneca Foods had a return on equity of 12.30% and a net margin of 5.58%.

Hedge Funds Weigh In On Seneca Foods

Several hedge funds and other institutional investors have recently modified their holdings of the business. Pacer Advisors Inc. raised its holdings in Seneca Foods by 2.0% in the 4th quarter. Pacer Advisors Inc. now owns 45,456 shares of the company’s stock valued at $5,029,000 after acquiring an additional 896 shares during the last quarter. Empowered Funds LLC lifted its position in Seneca Foods by 7.5% during the fourth quarter. Empowered Funds LLC now owns 29,040 shares of the company’s stock worth $3,213,000 after buying an additional 2,026 shares in the last quarter. Susquehanna Portfolio Strategies LLC lifted its position in Seneca Foods by 49.3% during the fourth quarter. Susquehanna Portfolio Strategies LLC now owns 12,489 shares of the company’s stock worth $1,382,000 after buying an additional 4,125 shares in the last quarter. Polymer Capital Management US LLC acquired a new position in Seneca Foods during the fourth quarter worth $351,000. Finally, Gotham Asset Management LLC grew its holdings in Seneca Foods by 43.0% in the 4th quarter. Gotham Asset Management LLC now owns 4,463 shares of the company’s stock valued at $494,000 after buying an additional 1,342 shares in the last quarter. 42.51% of the stock is owned by hedge funds and other institutional investors.

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.