Seneca Foods (NASDAQ:SENEA) Reaches New 1-Year High – Here’s What Happened

Seneca Foods Corp. (NASDAQ:SENEA)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $187.61 and last traded at $181.36, with a volume of 126235 shares trading hands. The stock had previously closed at $183.98.

Analyst Ratings Changes

SENEA has been the subject of a number of analyst reports. Freedom Capital upgraded shares of Seneca Foods to a “strong-buy” rating in a research note on Wednesday, May 20th. Wall Street Zen raised Seneca Foods from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 13th. Finally, Weiss Ratings upgraded shares of Seneca Foods from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Seneca Foods Stock Up 0.2%

The firm’s fifty day moving average is $152.63 and its 200-day moving average is $138.79. The company has a current ratio of 5.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $1.20 billion, a P/E ratio of 10.71 and a beta of -0.07.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC bought a new position in shares of Seneca Foods in the second quarter worth about $36,000. Public Employees Retirement System of Ohio bought a new position in shares of Seneca Foods in the 1st quarter worth $54,000. Quarry LP acquired a new position in shares of Seneca Foods during the 3rd quarter worth about $57,000. Employees Retirement System of Texas bought a new stake in Seneca Foods in the third quarter valued at approximately $64,000. Finally, Royal Bank of Canada increased its stake in Seneca Foods by 22.6% in the first quarter. Royal Bank of Canada now owns 429 shares of the company’s stock valued at $65,000 after purchasing an additional 79 shares in the last quarter. 42.51% of the stock is owned by institutional investors.

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.