Seneca Foods Corp. (NASDAQ:SENEA – Get Free Report)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $188.07 and last traded at $187.9240, with a volume of 16583 shares traded. The stock had previously closed at $179.71.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the stock. Weiss Ratings upgraded shares of Seneca Foods from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, June 15th. Freedom Capital cut Seneca Foods from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, Wall Street Zen raised Seneca Foods from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 13th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Seneca Foods presently has a consensus rating of “Moderate Buy”.
View Our Latest Stock Report on Seneca Foods
Seneca Foods Trading Up 2.1%
Seneca Foods (NASDAQ:SENEA – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $2.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.07). The company had revenue of $405.17 million during the quarter, compared to analyst estimates of $327.00 million. Seneca Foods had a net margin of 6.75% and a return on equity of 14.96%.
Institutional Trading of Seneca Foods
A number of institutional investors have recently modified their holdings of SENEA. EverSource Wealth Advisors LLC purchased a new position in Seneca Foods in the second quarter valued at approximately $36,000. Public Employees Retirement System of Ohio acquired a new position in Seneca Foods during the first quarter valued at approximately $54,000. Quarry LP purchased a new stake in Seneca Foods during the third quarter worth approximately $57,000. Employees Retirement System of Texas purchased a new stake in Seneca Foods during the third quarter worth approximately $64,000. Finally, Royal Bank of Canada increased its position in shares of Seneca Foods by 22.6% in the first quarter. Royal Bank of Canada now owns 429 shares of the company’s stock worth $65,000 after acquiring an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 42.51% of the company’s stock.
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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