Seneca Foods (NASDAQ:SENEA) Shares Gap Down – Time to Sell?

Seneca Foods Co. (NASDAQ:SENEA) shares gapped down prior to trading on Friday . The stock had previously closed at $74.55, but opened at $71.27. Seneca Foods shares last traded at $73.01, with a volume of 8,461 shares changing hands.

Seneca Foods Trading Down 1.1 %

The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.33 and a current ratio of 2.64. The business has a 50 day simple moving average of $75.07 and a 200-day simple moving average of $67.00. The stock has a market capitalization of $507.79 million, a P/E ratio of 12.60 and a beta of 0.25.

Seneca Foods (NASDAQ:SENEA) last announced its quarterly earnings data on Thursday, February 6th. The company reported $3.29 EPS for the quarter. Seneca Foods had a net margin of 2.79% and a return on equity of 10.43%.

Hedge Funds Weigh In On Seneca Foods

Several institutional investors and hedge funds have recently made changes to their positions in SENEA. Janney Montgomery Scott LLC raised its position in shares of Seneca Foods by 199.4% during the third quarter. Janney Montgomery Scott LLC now owns 13,421 shares of the company’s stock worth $837,000 after acquiring an additional 8,938 shares during the last quarter. Barclays PLC grew its position in Seneca Foods by 311.3% in the 3rd quarter. Barclays PLC now owns 7,222 shares of the company’s stock valued at $450,000 after purchasing an additional 5,466 shares during the period. Jane Street Group LLC increased its holdings in Seneca Foods by 156.7% during the 3rd quarter. Jane Street Group LLC now owns 16,034 shares of the company’s stock worth $999,000 after purchasing an additional 9,787 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Seneca Foods by 39.3% during the second quarter. AQR Capital Management LLC now owns 14,094 shares of the company’s stock valued at $809,000 after buying an additional 3,973 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Seneca Foods by 92.2% during the third quarter. JPMorgan Chase & Co. now owns 20,390 shares of the company’s stock valued at $1,271,000 after purchasing an additional 9,783 shares in the last quarter. Institutional investors and hedge funds own 42.51% of the company’s stock.

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.