Seneca Foods (NASDAQ:SENEB) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

Seneca Foods Co. (NASDAQ:SENEBGet Free Report) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $159.85 and traded as high as $163.10. Seneca Foods shares last traded at $168.4990, with a volume of 184 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Seneca Foods in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Check Out Our Latest Stock Analysis on SENEB

Seneca Foods Trading Up 3.3%

The stock’s 50-day moving average is $159.85 and its two-hundred day moving average is $141.75.

Seneca Foods (NASDAQ:SENEBGet Free Report) last posted its 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 during 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:SENEBFree Report) by 24.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,429 shares of the consumer goods maker’s stock after acquiring 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. 3.39% of the stock is currently owned by institutional investors.

About Seneca Foods

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Seneca Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seneca Foods and related companies with MarketBeat.com's FREE daily email newsletter.