Seneca Foods (NASDAQ:SENEB) Shares Pass Above Fifty Day Moving Average – Time to Sell?

Shares of Seneca Foods Co. (NASDAQ:SENEB) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $152.70 and traded as high as $181.48. Seneca Foods shares last traded at $177.04, with a volume of 168 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Seneca Foods in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Seneca Foods Stock Down 2.4%

The stock has a fifty day moving average price of $152.70 and a 200 day moving average price of $137.13.

Seneca Foods (NASDAQ:SENEB) last released its quarterly earnings results on Thursday, June 11th. The consumer goods maker reported $3.67 earnings per share for the quarter. The company had revenue of $393.85 million for the quarter.

Institutional Investors Weigh In On Seneca Foods

An institutional investor recently raised its stake in Seneca Foods stock. Vanguard Group Inc. increased its position in shares of Seneca Foods Co. (NASDAQ:SENEB) by 24.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,429 shares of the consumer goods maker’s stock after purchasing an additional 3,617 shares during the period. Vanguard Group Inc.’s holdings in Seneca Foods were worth $2,009,000 at the end of the most recent quarter. Institutional investors and hedge funds own 3.39% of the company’s stock.

About Seneca Foods

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. The company offers canned, frozen, and bottled produce; 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, READ, Green Valley, Paradise, Seneca Farms, and CherryMan. It also packs Green Giant, Le Sueur, and other brands of canned vegetables, as well as select Green Giant frozen vegetables for B&G Foods North America under a contract packing agreement.