Seneca Foods (NASDAQ:SENEA) Rating Lowered to “Hold” at StockNews.com

StockNews.com lowered shares of Seneca Foods (NASDAQ:SENEA) from a buy rating to a hold rating in a research note released on Tuesday morning.

Seneca Foods Trading Up 0.0 %

Shares of SENEA stock opened at $86.00 on Tuesday. The firm has a market capitalization of $591.68 million, a P/E ratio of 15.69 and a beta of 0.26. Seneca Foods has a twelve month low of $51.79 and a twelve month high of $92.00. The company has a quick ratio of 0.36, a current ratio of 3.38 and a debt-to-equity ratio of 0.53. The stock’s fifty day simple moving average is $85.40 and its 200 day simple moving average is $76.76.

Seneca Foods (NASDAQ:SENEA) last issued its quarterly earnings data on Thursday, February 6th. The company reported $3.29 earnings per share for the quarter. Seneca Foods had a return on equity of 9.71% and a net margin of 2.49%.

Institutional Investors Weigh In On Seneca Foods

A number of hedge funds and other institutional investors have recently bought and sold shares of SENEA. Lazard Asset Management LLC acquired a new position in Seneca Foods during the 4th quarter worth about $54,000. Van ECK Associates Corp grew its position in shares of Seneca Foods by 73.6% during the 4th quarter. Van ECK Associates Corp now owns 729 shares of the company’s stock worth $58,000 after buying an additional 309 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Seneca Foods during the 4th quarter worth approximately $87,000. SG Americas Securities LLC grew its position in shares of Seneca Foods by 8.7% during the 4th quarter. SG Americas Securities LLC now owns 2,054 shares of the company’s stock worth $163,000 after buying an additional 165 shares during the period. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Seneca Foods during the 1st quarter worth approximately $206,000. Institutional investors own 42.51% 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 jarred 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.