Seneca Foods (NASDAQ:SENEA) Reaches New 12-Month High – Should You Buy?

Seneca Foods Corp. (NASDAQ:SENEA) reached a new 52-week high during trading on Monday . The stock traded as high as $134.30 and last traded at $133.39, with a volume of 47368 shares changing hands. The stock had previously closed at $131.06.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SENEA shares. Wall Street Zen cut shares of Seneca Foods from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Seneca Foods in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Seneca Foods presently has an average rating of “Buy”.

Seneca Foods Trading Up 3.5%

The firm has a 50-day moving average of $117.90 and a 200 day moving average of $114.17. 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 $947.80 million, a price-to-earnings ratio of 10.77 and a beta of 0.11.

Seneca Foods (NASDAQ:SENEA) last released its quarterly earnings results on Thursday, February 5th. The company reported $6.48 earnings per share (EPS) for the quarter. The company had revenue of $508.35 million during the quarter. Seneca Foods had a return on equity of 12.30% and a net margin of 5.58%.

Hedge Funds Weigh In On Seneca Foods

Large investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue bought a new stake in shares of Seneca Foods during the 3rd quarter worth about $28,000. EverSource Wealth Advisors LLC acquired a new position in shares of Seneca Foods during the second quarter valued at approximately $36,000. CWM LLC raised its holdings in Seneca Foods by 75.9% during the third quarter. CWM LLC now owns 475 shares of the company’s stock worth $51,000 after purchasing an additional 205 shares in the last quarter. Quarry LP acquired a new stake in Seneca Foods in the third quarter worth approximately $57,000. Finally, Employees Retirement System of Texas acquired a new stake in Seneca Foods in the third quarter worth approximately $64,000. Institutional investors and hedge funds own 42.51% of the company’s stock.

Seneca Foods Company Profile

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.