Seneca Foods (NASDAQ:SENEA) Stock Price Down 1.8% – Here’s Why

Shares of Seneca Foods Co. (NASDAQ:SENEA) fell 1.8% on Friday . The company traded as low as $84.22 and last traded at $83.98. 1,452 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 17,561 shares. The stock had previously closed at $85.49.

Seneca Foods Trading Down 1.1 %

The business has a 50 day moving average of $77.88 and a 200-day moving average of $70.72. The stock has a market cap of $581.75 million, a PE ratio of 15.37 and a beta of 0.16. The company has a current ratio of 3.38, a quick ratio of 0.36 and a debt-to-equity ratio of 0.53.

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

Hedge Funds Weigh In On Seneca Foods

Institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC increased its position in shares of Seneca Foods by 199.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 13,421 shares of the company’s stock valued at $837,000 after purchasing an additional 8,938 shares during the period. Barclays PLC grew its holdings in Seneca Foods by 311.3% during the third quarter. Barclays PLC now owns 7,222 shares of the company’s stock worth $450,000 after acquiring an additional 5,466 shares during the period. Savant Capital LLC bought a new stake in Seneca Foods in the fourth quarter worth about $291,000. Edge Capital Group LLC acquired a new stake in Seneca Foods in the 4th quarter valued at about $5,919,000. Finally, Empowered Funds LLC lifted its stake in Seneca Foods by 181.5% during the fourth quarter. Empowered Funds LLC now owns 9,651 shares of the company’s stock valued at $765,000 after purchasing an additional 6,223 shares during the last quarter. 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.