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

Shares of Seneca Foods Co. (NASDAQ:SENEB) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $159.85 and traded as high as $163.10. Seneca Foods shares last traded at $168.4990, with a volume of 184 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Seneca Foods in a research report on Wednesday, June 24th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Seneca Foods Stock Performance

The business’s 50-day simple moving average is $159.85 and its 200-day simple moving average is $141.75.

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 business had revenue of $393.85 million during the quarter.

Institutional Investors Weigh In On Seneca Foods

A hedge fund recently raised its stake in Seneca Foods stock. Vanguard Group Inc. raised its stake in shares of Seneca Foods Co. (NASDAQ:SENEB) by 24.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 18,429 shares of the consumer goods maker’s stock after buying an additional 3,617 shares during the period. Vanguard Group Inc.’s holdings in Seneca Foods were worth $2,009,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Seneca Foods Company Profile

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.