Seneca Foods (NASDAQ:SENEA) Cut to “Buy” at Wall Street Zen

Wall Street Zen downgraded shares of Seneca Foods (NASDAQ:SENEA) from a strong-buy rating to a buy rating in a research note published on Saturday.

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of Seneca Foods in a research report on Monday, December 1st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Seneca Foods Stock Down 2.4%

SENEA opened at $109.90 on Friday. Seneca Foods has a one year low of $70.58 and a one year high of $129.03. The company has a market cap of $751.72 million, a price-to-earnings ratio of 12.75 and a beta of 0.10. The business’s fifty day moving average is $115.32 and its two-hundred day moving average is $106.83. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.42 and a current ratio of 2.59.

Institutional Trading of Seneca Foods

Hedge funds have recently bought and sold shares of the company. Ballentine Partners LLC raised its holdings in Seneca Foods by 4.2% in the 3rd quarter. Ballentine Partners LLC now owns 2,773 shares of the company’s stock valued at $299,000 after acquiring an additional 112 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Seneca Foods by 5.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,813 shares of the company’s stock worth $250,000 after buying an additional 156 shares during the last quarter. CWM LLC grew its holdings in Seneca Foods by 75.9% in the 3rd quarter. CWM LLC now owns 475 shares of the company’s stock valued at $51,000 after buying an additional 205 shares during the period. Van ECK Associates Corp increased its stake in shares of Seneca Foods by 34.8% during the 3rd quarter. Van ECK Associates Corp now owns 818 shares of the company’s stock valued at $88,000 after acquiring an additional 211 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of Seneca Foods by 27.8% in the third quarter. Parallel Advisors LLC now owns 1,029 shares of the company’s stock worth $111,000 after acquiring an additional 224 shares during the last quarter. Institutional investors and hedge funds own 42.51% 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 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.