Seneca Foods (NASDAQ:SENEA) Reaches New 12-Month High – Here’s What Happened

Seneca Foods Co. (NASDAQ:SENEA) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $90.35 and last traded at $90.35, with a volume of 24656 shares changing hands. The stock had previously closed at $89.23.

Seneca Foods Trading Up 1.3 %

The company has a quick ratio of 0.36, a current ratio of 3.38 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $621.61 million, a PE ratio of 16.49 and a beta of 0.16. The stock’s fifty day simple moving average is $80.81 and its 200 day simple moving average is $72.89.

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

Hedge Funds Weigh In On Seneca Foods

A number of hedge funds have recently modified their holdings of SENEA. Edge Capital Group LLC purchased a new position in shares of Seneca Foods during the 4th quarter valued at $5,919,000. Peapod Lane Capital LLC purchased a new position in shares of Seneca Foods in the fourth quarter valued at about $4,627,000. Royce & Associates LP boosted its stake in shares of Seneca Foods by 17.4% in the fourth quarter. Royce & Associates LP now owns 300,363 shares of the company’s stock worth $23,807,000 after acquiring an additional 44,462 shares during the period. American Century Companies Inc. grew its position in shares of Seneca Foods by 171.8% during the fourth quarter. American Century Companies Inc. now owns 27,124 shares of the company’s stock worth $2,150,000 after purchasing an additional 17,145 shares in the last quarter. Finally, Money Concepts Capital Corp grew its position in shares of Seneca Foods by 82.7% during the fourth quarter. Money Concepts Capital Corp now owns 29,442 shares of the company’s stock worth $2,334,000 after purchasing an additional 13,327 shares in the last quarter. 42.51% of the stock is currently owned by institutional investors.

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.