Seneca Foods (NASDAQ:SENEA) Hits New 12-Month High – What’s Next?

Seneca Foods Co. (NASDAQ:SENEA) reached a new 52-week high during trading on Thursday . The company traded as high as $72.88 and last traded at $72.88, with a volume of 6574 shares traded. The stock had previously closed at $69.96.

Seneca Foods Price Performance

The company’s fifty day moving average price is $64.00 and its two-hundred day moving average price is $61.26. The company has a market cap of $502.83 million, a price-to-earnings ratio of 12.52 and a beta of 0.26. The company has a quick ratio of 0.33, a current ratio of 2.64 and a debt-to-equity ratio of 0.73.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Oppenheimer & Close LLC bought a new position in Seneca Foods during the second quarter worth about $2,014,000. Marshall Wace LLP raised its position in shares of Seneca Foods by 42.3% in the second quarter. Marshall Wace LLP now owns 46,186 shares of the company’s stock valued at $2,651,000 after buying an additional 13,725 shares in the last quarter. Jane Street Group LLC grew its position in Seneca Foods by 156.7% during the third quarter. Jane Street Group LLC now owns 16,034 shares of the company’s stock worth $999,000 after buying an additional 9,787 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Seneca Foods by 199.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 13,421 shares of the company’s stock worth $837,000 after acquiring an additional 8,938 shares during the period. Finally, Clifford Capital Partners LLC raised its holdings in Seneca Foods by 160.3% in the 3rd quarter. Clifford Capital Partners LLC now owns 11,002 shares of the company’s stock valued at $686,000 after acquiring an additional 6,776 shares in the last quarter. 42.51% of the stock is owned by institutional investors.

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.