Seneca Foods (NASDAQ:SENEA) Stock Rating Lowered by Weiss Ratings

Seneca Foods (NASDAQ:SENEA) was downgraded by equities research analysts at Weiss Ratings from a “buy (b-)” rating to a “hold (c+)” rating in a note issued to investors on Saturday,Weiss Ratings reports.

Separately, Wall Street Zen downgraded shares of Seneca Foods from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Seneca Foods Stock Performance

Shares of SENEA stock opened at $115.59 on Friday. The firm has a 50-day moving average of $111.00 and a 200-day moving average of $100.61. The company has a market cap of $793.41 million, a P/E ratio of 18.55 and a beta of 0.19. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.11 and a quick ratio of 0.66. Seneca Foods has a one year low of $61.46 and a one year high of $124.00.

Seneca Foods (NASDAQ:SENEA) last announced its earnings results on Thursday, August 7th. The company reported $0.86 EPS for the quarter. The company had revenue of $297.46 million during the quarter. Seneca Foods had a net margin of 2.76% and a return on equity of 10.07%.

Institutional Trading of Seneca Foods

Several hedge funds have recently added to or reduced their stakes in SENEA. State of Alaska Department of Revenue bought a new stake in Seneca Foods in the third quarter worth about $28,000. EverSource Wealth Advisors LLC bought a new stake in Seneca Foods in the second quarter worth about $36,000. New York State Teachers Retirement System bought a new stake in Seneca Foods in the second quarter worth about $43,000. CWM LLC increased its stake in shares of Seneca Foods by 75.9% in the third quarter. CWM LLC now owns 475 shares of the company’s stock worth $51,000 after purchasing an additional 205 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Seneca Foods by 179.2% in the first quarter. Russell Investments Group Ltd. now owns 726 shares of the company’s stock worth $65,000 after purchasing an additional 466 shares in the last quarter. Institutional investors 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.