Seneca Foods (SENEA) Rating Increased to Buy at BidaskClub
Seneca Foods (NASDAQ:SENEA) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.
Separately, TheStreet upgraded shares of Seneca Foods from a “d+” rating to a “c-” rating in a research report on Wednesday, September 12th.
SENEA opened at $30.41 on Thursday. Seneca Foods has a 1-year low of $25.45 and a 1-year high of $35.90. The company has a quick ratio of 0.56, a current ratio of 2.88 and a debt-to-equity ratio of 0.94.
Large investors have recently modified their holdings of the stock. Comerica Bank bought a new position in shares of Seneca Foods during the third quarter worth $203,000. Alliancebernstein L.P. bought a new position in shares of Seneca Foods during the third quarter worth $239,000. First Manhattan Co. boosted its position in shares of Seneca Foods by 43,500.0% during the third quarter. First Manhattan Co. now owns 8,720 shares of the company’s stock worth $293,000 after acquiring an additional 8,700 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of Seneca Foods by 20.8% during the second quarter. California Public Employees Retirement System now owns 11,717 shares of the company’s stock worth $316,000 after acquiring an additional 2,017 shares during the last quarter. Finally, Marquette Asset Management LLC boosted its position in shares of Seneca Foods by 28.9% during the third quarter. Marquette Asset Management LLC now owns 10,872 shares of the company’s stock worth $366,000 after acquiring an additional 2,438 shares during the last quarter. Hedge funds and other institutional investors own 55.82% of the company’s stock.
Seneca Foods Company Profile
Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. It 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, Cherryman, and Seneca Farms.
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