Seneca Foods (NASDAQ:SENEA) Sets New 52-Week High – Here’s What Happened

Seneca Foods Co. (NASDAQ:SENEA)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $81.45 and last traded at $80.76, with a volume of 1411 shares trading hands. The stock had previously closed at $81.05.

Seneca Foods Price Performance

The company has a quick ratio of 0.36, a current ratio of 3.38 and a debt-to-equity ratio of 0.53. The firm’s 50-day moving average is $76.13 and its 200-day moving average is $68.21. The company has a market cap of $547.44 million, a PE ratio of 14.52 and a beta of 0.25.

Seneca Foods (NASDAQ:SENEA) last announced its quarterly earnings results on Thursday, February 6th. The company reported $3.29 earnings per share (EPS) for the quarter. Seneca Foods had a net margin of 2.49% and a return on equity of 9.71%.

Institutional Investors Weigh In On Seneca Foods

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its holdings in Seneca Foods by 2.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,578 shares of the company’s stock worth $442,000 after purchasing an additional 129 shares during the period. Bleakley Financial Group LLC grew its holdings in Seneca Foods by 4.1% in the fourth quarter. Bleakley Financial Group LLC now owns 3,778 shares of the company’s stock worth $299,000 after purchasing an additional 148 shares during the period. SG Americas Securities LLC grew its holdings in Seneca Foods by 8.7% in the fourth quarter. SG Americas Securities LLC now owns 2,054 shares of the company’s stock worth $163,000 after purchasing an additional 165 shares during the period. Anchor Capital Advisors LLC grew its holdings in shares of 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 last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Seneca Foods by 73.6% during the fourth quarter. Van ECK Associates Corp now owns 729 shares of the company’s stock valued at $58,000 after buying an additional 309 shares during the last quarter. Hedge funds and other institutional investors own 42.51% of the company’s stock.

Seneca Foods Company Profile

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.