ValuEngine cut shares of Seneca Foods (NASDAQ:SENEA) from a hold rating to a sell rating in a report issued on Saturday morning, ValuEngine reports.

Several other research analysts have also issued reports on the company. TheStreet upgraded Seneca Foods from a d+ rating to a c- rating in a report on Monday, October 28th. BidaskClub lowered Seneca Foods from a hold rating to a sell rating in a report on Friday, January 17th.

Shares of NASDAQ:SENEA opened at $38.31 on Friday. The business’s 50 day simple moving average is $38.57 and its two-hundred day simple moving average is $33.12. The firm has a market cap of $354.43 million, a P/E ratio of 33.61 and a beta of 1.08. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.52 and a current ratio of 2.53. Seneca Foods has a 52-week low of $21.97 and a 52-week high of $41.88.

Seneca Foods (NASDAQ:SENEA) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter. The business had revenue of $370.00 million for the quarter. Seneca Foods had a negative return on equity of 3.60% and a net margin of 0.88%.

In related news, Chairman Arthur S. Wolcott bought 1,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were bought at an average price of $35.00 per share, for a total transaction of $35,000.00. Following the completion of the acquisition, the chairman now directly owns 9,551 shares of the company’s stock, valued at $334,285. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.90% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of SENEA. Public Employees Retirement System of Ohio purchased a new stake in shares of Seneca Foods during the third quarter valued at approximately $26,000. Mackay Shields LLC increased its position in shares of Seneca Foods by 22.2% during the third quarter. Mackay Shields LLC now owns 24,767 shares of the company’s stock valued at $773,000 after acquiring an additional 4,500 shares during the last quarter. Comerica Bank purchased a new stake in shares of Seneca Foods during the third quarter valued at approximately $208,000. Rhumbline Advisers increased its position in shares of Seneca Foods by 8.6% during the third quarter. Rhumbline Advisers now owns 22,538 shares of the company’s stock valued at $703,000 after acquiring an additional 1,777 shares during the last quarter. Finally, Boenning & Scattergood Inc. purchased a new stake in shares of Seneca Foods during the third quarter valued at approximately $249,000. Institutional investors own 48.68% of the company’s stock.

About Seneca Foods

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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