Seneca Foods (NASDAQ:SENEA) Reaches New 1-Year High – Still a Buy?

Shares of Seneca Foods Corp. (NASDAQ:SENEA) hit a new 52-week high on Tuesday . The stock traded as high as $127.45 and last traded at $126.44, with a volume of 101752 shares. The stock had previously closed at $124.74.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Seneca Foods in a research note on Wednesday, November 19th. Wall Street Zen raised Seneca Foods from a “hold” rating to a “strong-buy” rating in a report on Saturday, November 8th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Seneca Foods Stock Performance

The stock’s 50-day moving average price is $112.65 and its 200-day moving average price is $104.82. The company has a current ratio of 4.11, a quick ratio of 0.66 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $883.01 million, a P/E ratio of 20.71 and a beta of 0.19.

Hedge Funds Weigh In On Seneca Foods

Institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue bought a new stake in shares of Seneca Foods in the 3rd quarter worth approximately $28,000. EverSource Wealth Advisors LLC bought a new stake in Seneca Foods in the second quarter valued at $36,000. New York State Teachers Retirement System acquired a new position in shares of Seneca Foods during the second quarter valued at $43,000. CWM LLC grew its position in shares of Seneca Foods by 75.9% during the third quarter. CWM LLC now owns 475 shares of the company’s stock worth $51,000 after acquiring an additional 205 shares during the last quarter. Finally, Quarry LP bought a new position in shares of Seneca Foods during the third quarter worth about $57,000. 42.51% of the stock is owned by institutional investors.

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.