Seneca Foods (NASDAQ:SENEA) Upgraded by Wall Street Zen to Strong-Buy Rating

Seneca Foods (NASDAQ:SENEA) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Wednesday.

Several other research firms also recently commented on SENEA. Freedom Capital upgraded shares of Seneca Foods to a “strong-buy” rating in a research report on Wednesday, May 20th. Weiss Ratings restated a “buy (b)” rating on shares of Seneca Foods in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat.com, Seneca Foods has a consensus rating of “Strong Buy”.

Seneca Foods Stock Up 3.9%

NASDAQ:SENEA opened at $144.42 on Wednesday. The firm’s 50 day simple moving average is $145.27 and its 200 day simple moving average is $129.20. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.34 and a quick ratio of 0.72. Seneca Foods has a one year low of $85.20 and a one year high of $167.51. The company has a market cap of $977.72 million, a PE ratio of 11.11 and a beta of -0.03.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SENEA. Royal Bank of Canada raised its holdings in Seneca Foods by 5.2% during the 1st quarter. Royal Bank of Canada now owns 7,738 shares of the company’s stock worth $690,000 after purchasing an additional 384 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Seneca Foods by 5.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,813 shares of the company’s stock worth $250,000 after purchasing an additional 156 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Seneca Foods during the 1st quarter worth approximately $245,000. Empowered Funds LLC increased its stake in shares of Seneca Foods by 54.0% in the 1st quarter. Empowered Funds LLC now owns 14,865 shares of the company’s stock valued at $1,324,000 after acquiring an additional 5,214 shares in the last quarter. Finally, Creative Planning bought a new stake in shares of Seneca Foods in the 2nd quarter valued at $266,000. Institutional investors own 42.51% of the company’s stock.

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.