Seneca Foods Corp. (NASDAQ:SENEA – Get Free Report) shares were down 7.7% during mid-day trading on Monday . The stock traded as low as $161.52 and last traded at $161.8350. Approximately 156,744 shares changed hands during trading, an increase of 55% from the average daily volume of 100,831 shares. The stock had previously closed at $175.37.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the stock. Wall Street Zen raised shares of Seneca Foods from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Freedom Capital raised shares of Seneca Foods to a “strong-buy” rating in a research note on Wednesday, May 20th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Seneca Foods in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat, Seneca Foods presently has an average rating of “Strong Buy”.
View Our Latest Analysis on SENEA
Seneca Foods Stock Down 6.9%
Institutional Investors Weigh In On Seneca Foods
Large investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC acquired a new stake in Seneca Foods during the 2nd quarter valued at $36,000. Public Employees Retirement System of Ohio acquired a new stake in Seneca Foods during the 1st quarter valued at $54,000. Quarry LP acquired a new stake in Seneca Foods during the 3rd quarter valued at $57,000. Employees Retirement System of Texas acquired a new stake in Seneca Foods during the 3rd quarter valued at $64,000. Finally, Royal Bank of Canada grew its holdings in Seneca Foods by 22.6% during the 1st quarter. Royal Bank of Canada now owns 429 shares of the company’s stock valued at $65,000 after purchasing an additional 79 shares in the last quarter. 42.51% of the stock is owned by institutional investors and hedge funds.
About Seneca Foods
Seneca Foods Corporation is a leading producer and distributor of shelf-stable fruits, vegetables and fruit‐based products. The company’s core activities include the processing, packaging and sale of canned fruits and vegetables, natural fruit juices, apple sauces and fruit‐based snacks. Seneca Foods caters to both retail and foodservice markets, supplying national and international grocers, restaurant chains and food manufacturers with branded and private‐label products.
Seneca Foods operates a network of manufacturing facilities and cold storage warehouses across North America, with key processing plants in New York, Michigan, California and Canada.
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