Seneca Foods (NASDAQ:SENEA) Shares Gap Down – Here’s What Happened
by Jessica Moore · The Cerbat GemSeneca Foods Corp. (NASDAQ:SENEA – Get Free Report)’s share price gapped down before the market opened on Friday . The stock had previously closed at $118.76, but opened at $113.86. Seneca Foods shares last traded at $115.6260, with a volume of 4,237 shares trading hands.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on SENEA. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seneca Foods in a report on Monday, December 29th. Wall Street Zen downgraded Seneca Foods from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.
Get Our Latest Stock Analysis on Seneca Foods
Seneca Foods Price Performance
The business’s 50 day moving average is $115.21 and its two-hundred day moving average is $110.72. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.42 and a current ratio of 2.59. The firm has a market capitalization of $781.98 million, a PE ratio of 13.26 and a beta of 0.13.
Institutional Trading of Seneca Foods
A number of institutional investors have recently added to or reduced their stakes in SENEA. State of Alaska Department of Revenue bought a new position in Seneca Foods in the 3rd quarter worth about $28,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Seneca Foods in the second quarter worth about $36,000. New York State Teachers Retirement System bought a new position in shares of Seneca Foods in the second quarter valued at approximately $43,000. CWM LLC grew its stake in Seneca Foods by 75.9% during the third quarter. CWM LLC now owns 475 shares of the company’s stock valued at $51,000 after acquiring an additional 205 shares in the last quarter. Finally, Quarry LP purchased a new position in Seneca Foods during the third quarter valued at approximately $57,000. Hedge funds and other institutional investors own 42.51% of the company’s stock.
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.