Seneca Foods (NASDAQ:SENEA) Reaches New 52-Week High – What’s Next?

Seneca Foods Corp. (NASDAQ:SENEA)’s stock price reached a new 52-week high on Monday . The company traded as high as $155.15 and last traded at $148.7910, with a volume of 2641 shares trading hands. The stock had previously closed at $147.35.

Wall Street Analyst Weigh In

Several research analysts recently commented on SENEA shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seneca Foods in a research note on Monday, December 29th. Wall Street Zen lowered shares of Seneca Foods from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Seneca Foods Price Performance

The company has a market cap of $1.01 billion, a PE ratio of 11.53 and a beta of 0.02. The business has a 50 day moving average of $131.46 and a 200 day moving average of $119.46. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.34 and a quick ratio of 0.72.

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

Institutional Trading of Seneca Foods

Several large investors have recently bought and sold shares of SENEA. Ballentine Partners LLC raised its position in shares of Seneca Foods by 3.2% in the 4th quarter. Ballentine Partners LLC now owns 2,862 shares of the company’s stock worth $317,000 after acquiring an additional 89 shares in the last quarter. Van ECK Associates Corp raised its holdings in Seneca Foods by 11.0% in the fourth quarter. Van ECK Associates Corp now owns 908 shares of the company’s stock worth $100,000 after purchasing an additional 90 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Seneca Foods by 5.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,813 shares of the company’s stock worth $250,000 after purchasing an additional 156 shares in the last quarter. Pullen Investment Management LLC lifted its position in Seneca Foods by 0.5% during the fourth quarter. Pullen Investment Management LLC now owns 33,694 shares of the company’s stock valued at $3,728,000 after buying an additional 168 shares during the period. Finally, CWM LLC increased its stake in shares of Seneca Foods by 75.9% in the 3rd quarter. CWM LLC now owns 475 shares of the company’s stock worth $51,000 after acquiring an additional 205 shares in the last quarter. 42.51% of the stock is owned by institutional investors.

About Seneca Foods

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.