Seneca Foods (NASDAQ:SENEA) Sets New 52-Week High – Here’s What Happened

Seneca Foods Co. (NASDAQ:SENEA)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $82.14 and last traded at $82.59, with a volume of 22128 shares traded. The stock had previously closed at $80.22.

Seneca Foods Stock Up 1.9 %

The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.36 and a current ratio of 3.38. The company has a market capitalization of $562.23 million, a PE ratio of 15.05 and a beta of 0.25. The company’s 50-day moving average is $76.26 and its 200 day moving average is $68.75.

Seneca Foods (NASDAQ:SENEA) last released 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 Trading of Seneca Foods

A number of hedge funds have recently bought and sold shares of the company. Lazard Asset Management LLC bought a new position in Seneca Foods in the 4th quarter worth $54,000. Van ECK Associates Corp increased its position in Seneca Foods by 73.6% in the fourth quarter. Van ECK Associates Corp now owns 729 shares of the company’s stock worth $58,000 after buying an additional 309 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Seneca Foods in the fourth quarter worth about $87,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Seneca Foods during the 3rd quarter valued at about $156,000. Finally, SG Americas Securities LLC grew its stake 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 valued at $163,000 after acquiring an additional 165 shares during the period. Hedge funds and other 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.