Seneca Foods (NASDAQ:SENEA) Upgraded to Strong-Buy at Freedom Capital

Seneca Foods (NASDAQ:SENEA) was upgraded by analysts at Freedom Capital to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

SENEA has been the topic of several other research reports. Wall Street Zen lowered shares of Seneca Foods from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Weiss Ratings reissued a “buy (b)” rating on shares of Seneca Foods in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat, Seneca Foods has a consensus rating of “Strong Buy”.

Seneca Foods Price Performance

Shares of Seneca Foods stock opened at $140.45 on Wednesday. The business’s fifty day moving average price is $145.52 and its 200 day moving average price is $128.40. Seneca Foods has a twelve month low of $85.20 and a twelve month high of $167.51. The company has a current ratio of 4.34, a quick ratio of 0.72 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $950.43 million, a P/E ratio of 10.80 and a beta of -0.03.

Institutional Trading of Seneca Foods

Large investors have recently modified their holdings of the business. Royal Bank of Canada lifted its stake in shares of Seneca Foods by 5.2% in the first quarter. Royal Bank of Canada now owns 7,738 shares of the company’s stock worth $690,000 after acquiring an additional 384 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Seneca Foods by 5.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,813 shares of the company’s stock valued at $250,000 after purchasing an additional 156 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Seneca Foods during the 1st quarter valued at approximately $245,000. Empowered Funds LLC increased its holdings in Seneca Foods by 54.0% during the 1st quarter. Empowered Funds LLC now owns 14,865 shares of the company’s stock worth $1,324,000 after purchasing an additional 5,214 shares during the last quarter. Finally, Creative Planning purchased a new stake in Seneca Foods during the 2nd quarter worth approximately $266,000. 42.51% of the stock is currently owned by institutional investors and hedge funds.

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.