Seneca Foods (NASDAQ:SENEA) Shares Cross Above 200-Day Moving Average of $52.47

Seneca Foods Co. (NASDAQ:SENEA)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $52.47 and traded as high as $56.61. Seneca Foods shares last traded at $56.44, with a volume of 30,275 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Seneca Foods from a “hold” rating to a “sell” rating in a research note on Wednesday, February 28th.

Seneca Foods Trading Up 1.4 %

The stock has a market cap of $401.85 million, a PE ratio of 7.48 and a beta of 0.34. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.49 and a current ratio of 4.81. The company’s 50-day moving average price is $52.02 and its 200 day moving average price is $52.47.

Seneca Foods (NASDAQ:SENEA) last announced its earnings results on Thursday, February 8th. The company reported $3.70 earnings per share (EPS) for the quarter. The company had revenue of $444.48 million for the quarter. Seneca Foods had a return on equity of 14.48% and a net margin of 3.81%.

Insider Transactions at Seneca Foods

In other news, CFO Michael S. Wolcott bought 1,898 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was purchased at an average price of $45.05 per share, for a total transaction of $85,504.90. Following the completion of the purchase, the chief financial officer now owns 15,198 shares in the company, valued at approximately $684,669.90. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 7.24% of the company’s stock.

Hedge Funds Weigh In On Seneca Foods

A number of institutional investors and hedge funds have recently modified their holdings of the company. Range Financial Group LLC boosted its stake in Seneca Foods by 2.6% in the first quarter. Range Financial Group LLC now owns 10,175 shares of the company’s stock valued at $579,000 after acquiring an additional 262 shares in the last quarter. Quadrature Capital Ltd acquired a new position in Seneca Foods in the fourth quarter valued at $655,000. Vanguard Group Inc. boosted its stake in Seneca Foods by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 283,543 shares of the company’s stock valued at $14,869,000 after acquiring an additional 8,645 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Seneca Foods by 11.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 25,005 shares of the company’s stock valued at $1,311,000 after acquiring an additional 2,615 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in Seneca Foods by 53.8% in the fourth quarter. Legal & General Group Plc now owns 5,422 shares of the company’s stock valued at $284,000 after acquiring an additional 1,896 shares in the last quarter. Institutional investors and hedge funds own 42.51% of the company’s stock.

About Seneca Foods

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.