Seneca Foods (NASDAQ:SENEA) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Seneca Foods Co. (NASDAQ:SENEA) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $63.74 and traded as high as $79.14. Seneca Foods shares last traded at $79.00, with a volume of 12,452 shares traded.

Seneca Foods Stock Down 0.8 %

The company’s 50 day moving average price is $70.20 and its two-hundred day moving average price is $63.87. The company has a current ratio of 2.64, a quick ratio of 0.33 and a debt-to-equity ratio of 0.73. The firm has a market cap of $540.05 million, a PE ratio of 13.44 and a beta of 0.29.

Institutional Investors Weigh In On Seneca Foods

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its stake in Seneca Foods by 199.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 13,421 shares of the company’s stock worth $837,000 after buying an additional 8,938 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Seneca Foods by 39.3% in the second quarter. AQR Capital Management LLC now owns 14,094 shares of the company’s stock worth $809,000 after acquiring an additional 3,973 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Seneca Foods during the third quarter worth about $380,000. Marshall Wace LLP raised its stake in Seneca Foods by 42.3% during the 2nd quarter. Marshall Wace LLP now owns 46,186 shares of the company’s stock valued at $2,651,000 after purchasing an additional 13,725 shares during the period. Finally, Squarepoint Ops LLC purchased a new position in Seneca Foods in the 2nd quarter worth approximately $268,000. 42.51% of the stock is owned by hedge funds and other 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.