Seneca Foods (NASDAQ:SENEA) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

by · The Cerbat Gem

Seneca Foods Corp. (NASDAQ:SENEA – Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $127.71 and traded as high as $144.75. Seneca Foods shares last traded at $142.62, with a volume of 53,755 shares changing hands.

Analysts Set New Price Targets

A number of research analysts recently commented on SENEA shares. Wall Street Zen lowered shares of Seneca Foods from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Weiss Ratings restated a “buy (b)” rating on shares of Seneca Foods in a research note on Friday, April 24th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.

Read Our Latest Stock Report on Seneca Foods

Seneca Foods Stock Down 2.2%

The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.72 and a current ratio of 4.34. The stock has a market cap of $948.95 million, a P/E ratio of 10.78 and a beta of -0.03. The stock’s fifty day simple moving average is $145.57 and its 200-day simple moving average is $128.17.

Institutional Trading of Seneca Foods

A number of institutional investors have recently bought and sold shares of SENEA. State of Alaska Department of Revenue bought a new stake in Seneca Foods in the 3rd quarter valued at about $28,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Seneca Foods during the 2nd quarter worth $36,000. CWM LLC grew its holdings in shares of Seneca Foods by 75.9% during the 3rd quarter. CWM LLC now owns 475 shares of the company’s stock worth $51,000 after purchasing an additional 205 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Seneca Foods during the 1st quarter worth $54,000. Finally, Quarry LP acquired a new stake in shares of Seneca Foods during the 3rd quarter worth $57,000. Institutional investors own 42.51% of the company’s stock.

About Seneca Foods

(Get Free Report)

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.

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