Seneca Foods (NASDAQ:SENEA) Hits New 1-Year High – Here’s Why

Seneca Foods Co. (NASDAQ:SENEA)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $90.35 and last traded at $90.35, with a volume of 24656 shares trading hands. The stock had previously closed at $89.23.

Seneca Foods Price Performance

The company has a debt-to-equity ratio of 0.53, a current ratio of 3.38 and a quick ratio of 0.36. The stock’s 50 day moving average price is $80.81 and its two-hundred day moving average price is $72.98. The firm has a market capitalization of $621.61 million, a price-to-earnings ratio of 16.49 and a beta of 0.16.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its stake in Seneca Foods by 2.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 5,578 shares of the company’s stock valued at $442,000 after acquiring an additional 129 shares during the period. Bleakley Financial Group LLC raised its stake in shares of Seneca Foods by 4.1% in the fourth quarter. Bleakley Financial Group LLC now owns 3,778 shares of the company’s stock valued at $299,000 after purchasing an additional 148 shares in the last quarter. SG Americas Securities LLC lifted its position in Seneca Foods by 8.7% in the fourth quarter. SG Americas Securities LLC now owns 2,054 shares of the company’s stock worth $163,000 after purchasing an additional 165 shares during the period. Anchor Capital Advisors LLC increased its holdings in Seneca Foods by 1.2% in the 4th quarter. Anchor Capital Advisors LLC now owns 24,036 shares of the company’s stock valued at $1,905,000 after buying an additional 293 shares during the period. Finally, Van ECK Associates Corp raised its stake in shares of Seneca Foods by 73.6% in the 4th quarter. Van ECK Associates Corp now owns 729 shares of the company’s stock valued at $58,000 after buying an additional 309 shares in the last quarter. Institutional investors and hedge funds own 42.51% of the company’s stock.

About Seneca Foods

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.