Seneca Foods Co. (NASDAQ:SENEA – Get Free Report)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $55.33 and traded as high as $60.08. Seneca Foods shares last traded at $58.95, with a volume of 45,133 shares traded.
Analysts Set New Price Targets
Separately, StockNews.com upgraded Seneca Foods from a “sell” rating to a “hold” rating in a report on Thursday, June 20th.
Get Our Latest Report on SENEA
Seneca Foods Stock Down 1.7 %
Seneca Foods (NASDAQ:SENEA – Get Free Report) last issued its quarterly earnings results on Thursday, June 13th. The company reported ($0.02) EPS for the quarter. Seneca Foods had a net margin of 4.34% and a return on equity of 13.74%. The company had revenue of $307.98 million for the quarter.
Institutional Trading of Seneca Foods
Hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC bought a new position in shares of Seneca Foods during the fourth quarter worth approximately $43,000. SG Americas Securities LLC increased its stake in Seneca Foods by 21.5% during the 4th quarter. SG Americas Securities LLC now owns 2,990 shares of the company’s stock worth $157,000 after acquiring an additional 529 shares during the period. Janney Montgomery Scott LLC bought a new position in Seneca Foods during the 1st quarter worth $255,000. Procyon Advisors LLC bought a new position in Seneca Foods during the 4th quarter worth $244,000. Finally, BNP Paribas Financial Markets increased its stake in Seneca Foods by 42.3% during the 1st quarter. BNP Paribas Financial Markets now owns 5,155 shares of the company’s stock worth $293,000 after acquiring an additional 1,533 shares during the period. 42.51% of the stock is owned by institutional investors and hedge funds.
Seneca Foods Company Profile
Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. It operates through three segments: Fruits and Vegetables, Prepared Food Products, and Snack Products. The company offers canned, frozen, and bottled 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.
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