Seneca Foods (NASDAQ:SENEB) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Seneca Foods Co. (NASDAQ:SENEB)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $152.70 and traded as high as $181.48. Seneca Foods shares last traded at $177.04, with a volume of 168 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Seneca Foods in a research note on Wednesday, June 24th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Seneca Foods Stock Down 2.4%

The business’s fifty day simple moving average is $152.70 and its 200-day simple moving average is $137.13.

Seneca Foods (NASDAQ:SENEB) last released its quarterly earnings data on Thursday, June 11th. The consumer goods maker reported $3.67 EPS for the quarter. The company had revenue of $393.85 million for the quarter.

Hedge Funds Weigh In On Seneca Foods

A hedge fund recently raised its stake in Seneca Foods stock. Vanguard Group Inc. raised its position in shares of Seneca Foods Co. (NASDAQ:SENEB) by 24.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,429 shares of the consumer goods maker’s stock after buying an additional 3,617 shares during the quarter. Vanguard Group Inc.’s holdings in Seneca Foods were worth $2,009,000 as of its most recent SEC filing. 3.39% of the stock is owned by institutional investors.

About Seneca Foods

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. The company offers canned, frozen, and bottled produce; 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, READ, Green Valley, Paradise, Seneca Farms, and CherryMan. It also packs Green Giant, Le Sueur, and other brands of canned vegetables, as well as select Green Giant frozen vegetables for B&G Foods North America under a contract packing agreement.